RBI governor says growth and inflation drove policy decision
In short
The RBI governor said the central bank made its decision because of domestic growth and inflation.
At the same time, the market update said Sensex was down about 200 points and Nifty was near 22,650. The report does not say what the full policy decision was in this item.
What the reporting says
The Reserve Bank of India’s governor said in a press conference that the central bank’s decision was based on domestic growth and inflation, according to a Business Standard summary. The market update also noted Sensex was down about 200 points and Nifty was near 22,650 at the time of reporting. The immediate market reaction was weak, while the reporting does not state the exact policy action from the press conference.
Why it matters
RBI Governor Sanjay Malhotra said in a press conference that the central bank’s decision was based on domestic growth and inflation. The same market update said Sensex was down about 200 points and Nifty was near 22,650. This links the RBI’s policy stance to market sentiment, but the reporting does not specify the exact decision being discussed in this item.