The latest meeting of the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) leaves the policy repo rate unchanged at 6.2 per cent; there is no change in the stance of the policy too — withdrawal of accommodation.

Of course, the RBI will keep a hawk eye on inflation and be in absolute readiness to take actions — this is non-negotiable.

There is no change in the inflation estimate for the year.

The GDP growth estimate also remains the same (6.5 per cent) for FY24.

If required, the RBI will do OMO — sale government bonds to drain liquidity.

Overall, a per for the course policy