The RBI maintained the repo rate at 6.5% for the 10th consecutive policy review but shifted the monetary policy stance to ‘neutral’ from ‘withdrawal of accommodation’. This allows flexibility in future rate decisions as inflation remains within the target range. CPI inflation forecasts remain at 4.5%, with GDP growth at 7.2% for FY25.
Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip Bandyopadhyay
Foreign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also a major concern