MPC meet: RBI may keep interest rates unchanged over inflation concerns

While the economy contracted for the second successive quarter, declining 7.5 per cent year-on-year, there was something to cheer about. The GDP grew at 23.2 per cent sequentially signalling a gradual rebound in the economy after 24% contraction in the quarter ending June. It also remains the best quarter-on-quarter growth since 1996 when the country started giving out quarterly numbers. The current GDP numbers are even better than the ones based on the RBI’s recent “nowcast” model.

Source Link: https://www.businesstoday.in/current