Central Bank actions are often equalled to watching the paint dry, colloquially dubbed a long phenomenon laced with perseverance. The MPC on Friday trudged along the anticipated trajectory, keeping rates unchanged while remaining aligned with focus on withdrawal of accommodation to ensure inflation progressively aligns to 4 per cent.
While the year 2024 started on an auspicious omen, it has quickly turned into a bellwether of geopolitical uncertainty with Brent hovering above $91 as Middle East again turned into a battle zone with retaliation writ large in the air. Intensifying tensions could have a direct bearing on supply route blockages
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First Published: Apr 06 2024 | 12:05 AM IST