Mumbai, October 1: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5% on Wednesday, citing easing inflation and resilient growth momentum. The decision comes at the conclusion of its three-day meeting, chaired by Governor Sanjay Malhotra. Repo Rate Held Steady, Neutral Stance…
Tag: Inflation
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India’s Services Sector Growth Hits 15-Year High in August
India’s services sector recorded its fastest expansion in 15 years during August, as robust demand fueled a surge in new business orders, according to the HSBC India Services Purchasing Managers’ Index (PMI) compiled by S&P Global. The index rose to 62.9 from July’s 60.5, underscoring strong momentum in the economy’s…