As expected, the MPC has hiked the repo rate by 50 bps, to 5.40%. It comes along with an SDF rate adjustment of 5.15% and an MSF rate adjustment of 5.65%. The impact of the global situation is reflected in the inflation recorded at 6.7%. However, the GDP has seen a real growth of 7.2%. As indicators have shown an improvement in urban demand and as there has been good progress in monsoon to support rural consumption, investment activities have picked up. But sustained high inflation can harm growth.
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The New MOTIV Mix™ Interface Simplifies Audio Workflow and Ensures Perfect Recordings, Every Time
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