Bharat Express

MPC

RBI Governor remarked that the future appears promising for agriculture and rural activities. He emphasized that the strengthening of rural demand and improvements in employment conditions are anticipated to stimulate private consumption.

The benchmark lending rate at the Reserve Bank of India has been unanimously decided to remain at 6.5 per cent.

Retail inflation as measured by the Consumer Price Index (CPI) decreased to 5.66%, the lowest in 15 months.