RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
8 months, 2 weeks ago

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%

The Hindu  

April 05, 2024 10:08 am | Updated 12:45 pm IST The Monetary Policy Committee on April 5 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50%. The risks are evenly balanced.” On inflation the Governor said “Two years ago, around this time, when CPI inflation had peaked at 7.8% in April 2022, the elephant in the room was inflation. “As the path of disinflation needs to be sustained till inflation reaches the 4% target on a durable basis, the MPC decided to keep the policy repo rate unchanged at 6.50% in this meeting,” he added. Stating that monetary policy must continue to be actively disinflationary to ensure anchoring of inflation expectations and fuller transmission, he said the MPC would remain resolute in its commitment to aligning inflation to the target. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth,” he said.

Policy Inflation Monetary Policy Prices Price Rate Target Cpi Activity Mpc Remain Cpi Inflation Real Gdp Growth Rbi  holds  monetary  cpi  remain  projected  real  tame  growth  rbi  target  inflation  policy  prices  price  activity  rate  mpc

History of this topic

Growth to pick up in coming quarters on govt capex, says MPC member Nagesh Kumar
1 day, 2 hours ago

Growth to pick up in coming quarters on govt capex, says MPC member Nagesh Kumar

Live Mint  

Mumbai: India’s economic growth is expected to pick up in the coming two quarters with an increase in government spending, even as private investment lags, according to Monetary Policy Committee member Nagesh Kumar. Kumar was one of the two external members of the Reserve Bank of India’s MPC who had voted for a 25-basis-point rate cut to help revive growth, …

Why RBI is central to the country’s economy
1 week, 2 days ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 3 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier
2 weeks, 3 days ago

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier

Live Mint  

RBI Monetary Policy: Reserve Bank of India Governor Shaktikanta Das while announcing a status quo on the repo rate and policy stance on Friday, December 6, expects the FY25 GDP Growth to be at 6.6% The RBI Governor after the Monetary Policy Committee meeting, while pegged GDP growth rate to be at 6.6% for FY25, it expects ongoing quarter i.e …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 3 days ago

RBI monetary policy: MPC projects FY25 inflation at 4.8%

Live Mint  

RBI Monetary Policy meeting: The Reserve Bank of India revised its inflation projection for 2024–2025 to 4.8% with Q3 at 5.7%, and Q4 at 4.5% The consumer price index inflation for the first quarter of the next financial year 2025-26 is projected at 4.6% and the second quarter at 4%. RBI October Monetary Policy Outcome During the Monetary Policy Committee …

Amid high inflation, RBI keeps repo rate unchanged at 6.5%
2 weeks, 3 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 3 days ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 4 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 4 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express  

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 4 days ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

RBI MPC Meeting: What does India’s Q2 GDP print mean for the monetary policy? Experts weigh in
2 weeks, 5 days ago

RBI MPC Meeting: What does India’s Q2 GDP print mean for the monetary policy? Experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting which began today, December 4, 2024. India's Q2 GDP print, H2 outlook India’s Q2FY25 GDP growth was negatively surprised at 5.4 per cent YoY, with the deceleration led by moderation …

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement
2 weeks, 5 days ago

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement

Live Mint  

RBI MPC Meeting: Reserve Bank of India's three-day monetary policy committee started its meeting on Wednesday, December 4, to decide on interest rates for the Indian economy and the central bank's policy stance. The central bank's bi-monthly policy meeting comes forth amid the backdrop of sticky inflation and slowing growth in the nation's economy. RBI's current policy stance & expectations …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 5 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

RBI MPC to start today: Will there be a rate cut? 3 things to know
Trending News
2 weeks, 6 days ago

RBI MPC to start today: Will there be a rate cut? 3 things to know

India Today  

The Reserve Bank of India’s Monetary Policy Committee begins its three-day meeting today. The Reserve Bank of India has kept the repo rate steady at 6.5% for the last nine policy meetings, and it appears likely to maintain this position in the upcoming MPC announcement as well. The RBI may opt for easing liquidity by announcing a 50-basis-point CRR cut, …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
2 weeks, 6 days ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

MPC to keep rates unchanged amid slowing growth, rising inflation
Trending News
3 weeks, 1 day ago

MPC to keep rates unchanged amid slowing growth, rising inflation

Live Mint  

A shock slowdown and calls for lower interest rates may not convince India's policy rate-setters as they meet this week, as the horse of inflation strays out of the central bank's stable. “With CPI inflation having breached the 6% upper limit of the medium-term range of 2-6% in October 2024, we anticipate a status quo from the MPC in its …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 1 day ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Why October inflation numbers may delay RBI interest rate cut
1 month, 1 week ago

Why October inflation numbers may delay RBI interest rate cut

India Today  

India’s consumer price inflation rose to a 14-month high of 6.2 per cent in October, breaching the Reserve Bank of India’s target range of 2-6 per cent, driven by high food inflation. Food and beverages inflation stood at 9.7 per cent in October, in which the inflation on vegetables alone was over 42.2 per cent, a 57-month high. “With mixed …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 1 week ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
1 month, 3 weeks ago

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors

Hindustan Times  

India's economy performed satisfactorily in the first half of the current financial year, according to the finance ministry's monthly economic report released Monday. However, the ministry warned of potential disruptions from geopolitical conflicts, rising geo-economic fragmentation and elevated valuations in financial markets of some advanced economies.

RBI Maintains Status Quo on Benchmark Rates, Emphasizes Price Stability
2 months ago

RBI Maintains Status Quo on Benchmark Rates, Emphasizes Price Stability

Live Mint  

RBI Governor Shaktikanta Das emphasizes the importance of maintaining price stability to support sustainable growth in India. He states that the central bank cannot afford another inflation surge and that a neutral stance on benchmark rates is the best approach at this juncture. The MPC decides to maintain the policy rate unchanged at 6.5 percent, marking the tenth consecutive meeting …

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation
3 months, 1 week ago

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation

News 18  

Inflation in India has moderated but still, there is a distance to cover, Reserve Bank Governor Shaktikanta Das said on Friday. “Inflation has moderated from its peak of 7.8% in April 2022 into the tolerance band of +/- 2% around the target of 4%, but we still have a distance to cover and cannot afford to look the other way,” …

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’
4 months ago

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’

The Hindu  

The Reserve Bank of India's inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to …

RBI maintains calm against global noise
4 months, 2 weeks ago

RBI maintains calm against global noise

Live Mint  

The Reserve Bank of India’s bi-monthly monetary policy orchestrated on 8th August 2024 ensured that the “elephant” was deep in the forest before changing the policy. The RBI’s Monetary Policy Committee voted with 4:2 to keep the policy repo rate and stance unchanged at 6.50% and “withdrawal of accommodation” respectively. Like last policy, the two of the external MPC members, …

RBI MPC 2024: RBI can’t ignore food inflation while framing monetary policy: RBI Governor Shaktikanta Das
4 months, 2 weeks ago

RBI MPC 2024: RBI can’t ignore food inflation while framing monetary policy: RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank can not ignore food inflation while formulating monetary policy. Mr Das said with “high share of food in the consumption basket, food inflation pressures cannot be ignored.” Further, the public at large understands inflation more in terms of food inflation than the other components of headline …

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials
5 months ago

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials

The Hindu  

Consumer price inflation rose in June after three consecutive months of moderation due to a spike in vegetable prices halting a disinflationary trend underway in the economy, Reserve Bank of India officials led by deputy governor Michael D. Patra wrote in the July edition of RBI Bulletin. Headline inflation Headline inflation measured by on year changes in the all-India consumer …

Fed’s Powell Testifies as Inflation, Hiring Cool
5 months, 2 weeks ago

Fed’s Powell Testifies as Inflation, Hiring Cool

Live Mint  

-- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment. Asia China may get some mildly positive news on prices, with data Wednesday expected to show consumer inflation ticked higher in June and factory-gate …

India’s retail inflation eases to 12-month low of 4.75 per cent in May
6 months, 1 week ago

India’s retail inflation eases to 12-month low of 4.75 per cent in May

India TV News  

Retail inflation: Retail inflation eased to a 12-month low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023. Inflation in the food basket was 8.69 per cent …

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
6 months, 2 weeks ago

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the MPC’s meeting on Friday, marks the eighth time in a row that the policy rate has been put on hold to keep the focus on battling high inflation. “These decisions are in consonance with the …

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%
6 months, 2 weeks ago

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%

Live Mint  

The Reserve Bank of India, in its June monetary policy, has raised its real GDP growth forecast for the current financial year 2024–25 to 7.2 percent from 7 percent earlier. {{^adFree}} {{/adFree}} In line with market expectations, the RBI maintained its status quo on the benchmark interest rate at 6.5 percent during its second bi-monthly policy announcement for the financial …

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%
6 months, 2 weeks ago

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%

Live Mint  

RBI MPC Announcement: The Reserve Bank of India maintained its 4.5% inflation projection for 2024–2025 with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6% and Q4 at 4.5%. {{^adFree}} {{/adFree}} Das stated that CPI headline inflation softened further in March and April, but that persistent food inflation pressures outweighed the benefits from code disinflation and fuel deflation. With growth …

RBI MPC June 2024: Repo Rate Unchanged, FY25 Growth Raised To 7.2%, Other Announcements By Shaktikanta Das
6 months, 2 weeks ago

RBI MPC June 2024: Repo Rate Unchanged, FY25 Growth Raised To 7.2%, Other Announcements By Shaktikanta Das

News 18  

RBI Monetary Policy June 2024 Highlights: The RBI’s Monetary Policy Committee on Friday, June 7, decided to keep the key repo rate unchanged for the 8th consecutive time at 6.5 per cent, maintaining the stance of ‘withdrawal of accommodation’. The RBI has revised upwards FY25 GDP projection to 7.2 per cent as against 7 per cent earlier. FY25 GDP Growth …

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%
6 months, 2 weeks ago

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%

ABP News  

Business News Live: Hello and welcome to ABP Live's Business LIVE blog. According to a Bloomberg report, the RBI is anticipated to maintain its benchmark interest rate at 6.5 per cent for the eighth consecutive meeting. In addition, the central bank is expected to maintain its projection of 7 per cent GDP growth and an average inflation rate of 4.5 …

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%
6 months, 2 weeks ago

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%

Hindustan Times  

June 7, 2024 10:17 AM IST RBI MPC Meet 2024 LIVE: RBI Governor Shaktikanta Das said, "The inflation growth balance is moving favourably. While the MPC took note of the disinflation achieved so far without hurting growth, it remains vigilant to any upside risks to inflation, particularly from food inflation, which could possibly derail the path of disinflation. Accordingly, the …

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