RBI to keep rates unchanged by a 5:1 majority.
RBI maintains a stance of 'withdrawal of accommodation', says RBI governor Shaktikanta Das.
Core inflation has declined steadily, notes RBI; MPC must actively disinflationary.
Food inflation continues to show considerable volatility.
"Inflation, the elephant in the room has now gone for a walk in the forest," says Das.
FY 25 CPI inflation seen at 4.5%; FY25 real GDP growth seen at 7%.
Liquidity conditions have turned surplus since March; will remain nimble flexible in liquidity management.
Engaging with regulated entities to reduce compliance burden.
FY 25 CAD is seen at a level that is manageable.