{"id":34784,"date":"2022-04-08T16:08:24","date_gmt":"2022-04-08T10:38:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-rbi-industry-reax\/"},"modified":"2022-04-08T16:08:24","modified_gmt":"2022-04-08T10:38:24","slug":"biz-rbi-industry-reax","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-rbi-industry-reax\/","title":{"rendered":"Industry welcomes RBI move to keep policy rates unchanged"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2033808647\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Apr 8 (PTI) Welcoming the RBI&#8217;s move to keep the borrowing costs unchanged on Friday, India Inc said the central bank has maintained a fine balance to support growth as well as keep inflation within the target range amid geopolitical worries.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3740023346\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The Reserve Bank of India (RBI) kept borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite inflation edging higher in the aftermath of Russia&#8217;s war in Ukraine.<\/p>\n<p> RBI&#8217;s six-member Monetary Policy Committee voted to hold the benchmark repurchase or the repo rate at 4 per cent, Governor Shaktikanta Das said.<\/p>\n<p> The panel decided to stick to an accommodative stance \u201cwhile focussing on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth\u201d.<\/p><div class=\"trade-content_5\" id=\"trade-2170587202\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Sanjiv Mehta, President, FICCI\u00a0said, &#8220;The statement does allude to a withdrawal of accommodation clearly signaling towards normalization of liquidity management to ensure inflation remains within target.<\/p>\n<p> &#8220;There has been a considerable change in the economic scenario since the last policy announcement and we were expecting that the Central Bank will take due cognizance of the current situation&#8221;.<\/p>\n<p> He observed that significant escalation in geopolitical stress since end February 2022 is undermining global recovery and some impact on India will be inevitable.<\/p>\n<p> Assocham said the Monetary Policy Committee has struck a fine balance with a nuanced approach to encourage growth while calibrating inflationary pressures and defend the Indian economy by navigating the current geo-political storm with resolute response.<\/p>\n<p> &#8220;The accommodative stance by the RBI is in line with the PHD Chamber&#8217;s expectations to strengthen and support the business and consumer sentiments as well as the economic recovery,&#8221; said Pradeep Multani, President, PHD Chamber of Commerce and Industry. PTI RSN  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-2311439992\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 8 (PTI) Welcoming the RBI&#8217;s move to keep the borrowing costs unchanged on Friday, India Inc said the central bank has maintained a fine balance to support growth as well as keep inflation within the target range amid geopolitical worries. The Reserve Bank of India (RBI) kept borrowing costs unchanged at a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-34784","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industry welcomes RBI move to keep policy rates unchanged - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-rbi-industry-reax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry welcomes RBI move to keep policy rates unchanged\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Apr 8 (PTI) Welcoming the RBI&#8217;s move to keep the borrowing costs unchanged on Friday, India Inc said the central bank has maintained a fine balance to support growth as well as keep inflation within the target range amid geopolitical worries. 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