RBI Rate Hold Expected: Experts Focus on Inflation Control

  • The Reserve Bank of India (RBI) is likely to keep interest rates unchanged in its upcoming policy meeting on April 5th, 2024.
  • Experts believe the central bank will prioritize bringing down inflation to its target of 4%.
  • Recent strong GDP growth of nearly 8% has eased concerns about stimulating the economy.
  • Global trends, with major economies like the US and UK adopting a wait-and-watch approach, could also influence the RBI's decision.
  • This hold on interest rates indicates the RBI's continued focus on inflationa management.

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