Nagesh Kumar advocated for a rate cut to revive demand and investment amid economic uncertainty during the early October MPC review. Despite Kumar's argument for normalization, five members, including RBI Governor Shaktikanta Das, voted to maintain the repo rate, citing inflation concerns.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.