The RBI Governor recently said that the Central Bank is not thinking of cutting the repo rate as of now.

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He mentioned that he is uncertain about how long the interest rates will remain elevated.

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Speaking at the Kautilya Economic Conclave 2023, he said that the rate hikes by the bank since 2022 are still working out in the system.

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He also emphasised the need to strike a balance between price and fiscal stability.

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The Governor also mentioned that the Central Bank is vigilant on the inflationary trend, which may be affected by geopolitical tensions.

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Which Global factors affect the repo rate?

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