IIP Update May 2023
Industrial Output growth slowed significantly on yearly basis in May 2023
Industrial Output growth slowed significantly on yearly basis in May 2023
Domestic equity markets rose following the release of a slew of upbeat domestic macroeconomic data which indicated that the Indian economy was on a strong footing in terms of macroeconomic stability.
The Monetary Policy Committee (MPC) in its first bi-monthly monetary policy review of FY24 kept key policy repo rate unchanged at 6.50% with immediate effect,after six consecutive rate hikes.
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 25 bps to 6.50% with immediate effect.
The Monetary Policy Committee (MPC) in its second bi-monthly monetary
policy review of FY24 kept key policy repo rate unchanged at 6.50% with
immediate effect for the second time.
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 35 bps to 6.25% with immediate effect.
Consumer inflation slowed for the fourth consecutive month in May 2023
Industrial Output growth slowedon yearly basis in Apr 2023
Consumer inflation touched 18-month low in April 2023
Industrial Output growth fellto 5-month low in Mar 2023