Catch Key Highlights from RBI Monetary Policy so far:
-Monetary Policy Committee hikes repo rate by 50 bps to 5.9 percent.
-Real GDP growth for FY23 is projected at 7%.
-Inflation to remain elevated at around 6% in the second half.
-RBI to remain focused on the withdrawal of accommodation stance.
-Bank credit grew at 16.2% YoY as on Sep 9, vs 6.7% last year
#NIFTYBANK and #NIFTY50 in Green because announcement is as per markets expectations