Mumbai, August 8
The RBI on Thursday kept the benchmark interest rate unchanged for the ninth time in a row at 6.5 per cent.
Speaking on the occasion, RBI Governor Shaktikanta Das said inflation is broadly on a declining trajectory.
RBI keeps benchmark interest rate unchanged at 6.5 per cent
Inflation broadly on declining trajectory.
He said the RBI had decided to continue with withdrawal of accommodative monetary policy stance.
In Q3 substantial advantage of base effect may pull down overall inflation, Das said, adding that food component of inflation remains stubborn.
He said global economic outlook exhibits steady, though uneven expansion and new technologies like AI pose new set of challenges for global economy.
Manufacturing activities continue to gain ground on back of increasing domestic demand, and services sector remains buoyant, Das said, adding that household consumption is supporting turnaround in demand.
