This was the first MPC meeting that had a dissent note
Education inflation in April had actually risen up to 5.32% from 5.2% in March
Assocham said RBI has 'disappointed India Inc' by not reducing the policy interest rates
The MPC decision to adopt a wait-and-watch stance on Wednesday is based on sound factors
Says unless states' budgets allow fiscal space for waiver, it would be risky to tread on that path
RBI to look at monsoon distribution, the impact of GST and pay hike
FM said inflation has been under control for long and is likely to remain so due to good monsoon
Over the past week, the benchmark Sensex rose by 245 points to end at 31,273.29.
Existing MDR cap is 0.75% for transactions up to Rs 2,000 and 1% for over Rs 2,000
RBI maintaining status quo on the repo rate was expected
In a research note it projected CPI-based inflation to average 5% in 2017-18
Monetary policy committee has good reason to stay cautious
Says in order to induce banks to lower lending rates further, RBI has to resort to further easing
Fixed-income market has entered an interesting phase after a surprise downward move in yields, says Rahul Goswami