[ Mumbai: India’s monetary policy committee held the key repo rate unchanged for a seventh straight policy meeting on Friday as it expects growth in the economy to remain robust but sees inflation staying above its 4% target. The Reserve Bank of India kept the main lending rate unchanged at 6.5%, in line with expectations. … Read more
[ KUALA LUMPUR: The ringgit opened firmer against the US dollar today on improved sentiment ahead of the Monetary Policy Committee’s (MPC) announcement on the Overnight Policy Rate (OPR) later today. At 9 am, the ringgit rose to 4.7145/7190 against the greenback compared with yesterday’s close of 4.7295/7350. Bank Muamalat Malaysia Bhd chief economist Dr … Read more
[ MUMBAI: Members of RBI‘s monetary policy committee were optimistic about growth in their meeting this month, but concerned about food prices spiking. The minutes of the MPC meeting held from Feb 6-8 and released on Wednesday show members’ less hawkish stance on stifling demand but also that they believe in waiting a bit longer … Read more
