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Highlights From the RBI's April Meeting Minutes

INDIA

Das

  • India inflation seen easing to 4.5% in 2024-25
  • Extant monetary policy setting is well positioned

Patra

  • Domestic demand expanding, output gap has closed
  • Supply response improvement contingent on monsoon
  • Need to watch financial stability risks to macro outcome
  • Restoring price stability key to sustain growth

Varma

  • Real interest rate of 1-1.5% sufficient
  • Unwarrantedly high real rates entail growth sacrifice

Bhide

  • Food inflation trends would remain crucial

Ranjan

  • Too early to ease guard against inflation
  • Concerns remain on food inflation outlook

Goyal

  • Real interest rates now higher than neutral
All comments via BBG. Full minutes release here.

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