The rate hike was decided by a majority of 5 out of 6 members. The policy pegged India’s GDP growth at 7% during the financial year 2023 and maintained inflation at 6.7% for the same period. Going forward, RBI will remain resolute and continue with its efforts to ensure price stability as well as financial stability, while supporting growth.
Centre to impose stock limits on tur and urad dal till October 31
The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities