RBI Monetary Policy Meeting Begins; Market Expects No Rate Change
• India's Reserve Bank of India began its 3-day monetary policy meeting on April 7th, with the decision scheduled for announcement on April 8th, affecting regional market sentiment. • A CNBC TV18 poll indicates market consensus expects no change to repo rates in the upcoming policy decision, suggesting the RBI will maintain its current monetary stance. • The policy meeting comes amid mixed signals from Indian corporate earnings, with HDFC Bank reporting business growth above expectations while Kotak Mahindra Bank fell short.
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