Indian Macroeconomic indicators for February 2023 showed mixed signals. India’s CPI inflation stood at 6.44% in Feb 2023, marginally lower than previous months 6.52% but still above RBI’s tolerance band. RBI still decided to increase the repo rate by 25 Bps to 6.5% to tame the inflation inside the tolerance band. The Indian Banking sector has remainedimmune from turmoil experienced by foreign banking institutions reflecting robust systems in place and monitoring by the regulators.
Macro-Economic-Indicators-February-2023