RBI Monetary Policy Highlights
RBI Monetary Policy Live: The RBI monetary policy decision has been announced by Shaktikanta Das. Follow all latest updates here
RBI MPC Meet LIVE updates: The central bank kept repo rate unchanged for the seventh consecutive MPC meetings.
RBI MPC Meeting real-time updates: Today, Shaktikanta Das, the governor of the Reserve Bank of India (RBI), announced the Monetary Policy Committee’s (MPC) decision regarding key interest rates. This is the first announcement of the RBI MPC for the 2024–25 fiscal year (FY25). The repo rate remained at 6.5% as set by the central bank. On April 3, the RBI MPC began its three-day meeting.
Monetary policy of the RBI: What is the MPC doing?
The MPC’s job is to maintain the nation’s retail inflation rate at four percent, plus or minus two percent. This committee, which tries to strike a balance between sustaining growth and keeping the inflation objective, meets at least four times a year to consider the path the central bank plans to take in the financial year. The MPC determines whether to maintain, increase, or decrease the repo rate based on this evaluation. RBI Monetary Policy Highlights
What can we anticipate from RBI monetary policy?
The announcement will cover important interest rates, such as the repo rate, that you should be aware of. The rates for the Standing Deposit Facility (SDF), Marginal Standing Facility (MSF), and monetary policy position should also be considered. Here is a detailed explanation of these terms. RBI Monetary Policy Highlights
Monetary policy of the RBI: What is the repo rate?
The rate at which the central bank loans banks short-term money is known as the repo rate. It has remained constant since April 2023 and is at 6.5%. Rate cuts in the MPC are unlikely, according to the State Bank of India’s research study, since there is “strong evidence that central bank rate actions in emerging economies are predicated by central bank rate actions in advanced economies.” India is an outlier, and Q3FY25 may see the first RBI decrease.”
Current RBI Monetary Policy: What governor of the RBI stated on CPI inflation, in case you missed it?
Current RBI Monetary Policy: The governor of the Reserve Bank of India stated that the MPC has kept its February estimates for CPI inflation, which is expected to reach 4.5% in FY25. In February, it was predicted that CPI inflation will be 5.4% in Q4 of 2023–2024 and 5.4% overall. Pressures on food prices increased in February, and the RBI governor stated that the MPC is still on the lookout for inflation risks. RBI Monetary Policy Highlights
RBI MPC Meet LIVE updates: RBI governor quotes Mahatma Gandhi
RBI MPC Meeting real-time updates: Shaktikanta Das concluded the MPC meeting by stating that the GDP is growing strongly. In closing the announcement, the governor of the RBI quoted Mahatma Gandhi. “We draw inspiration from Mahatma Gandhi’s wise remarks, which are as follows: patience and perseverance are essential. Such an endeavour will inevitably lead to success. Namaskar, thank you,” Shaktikanta continued. RBI Monetary Policy Highlights
RBI MPC Meet LIVE updates: Geopolitical tensions a worry for RBI?
RBI MPC Meeting real-time updates: “The prospects of fixed investment remain bright with business optimism, robust government capital expenditure, and signs of upturn in the private capex cycle,” stated the governor of the Reserve Bank of India. However, risks to the projection include headwinds from increased Red Sea disruptions, volatility in global financial markets, geoeconomic fragmentation, and extreme weather events. RBI Monetary Policy Highlights
RBI MPC Meet LIVE updates: Services activity likely to grow to above pre-pandemic trend, RBI governor says
“Looking ahead, an expected normal south-west monsoon should support agricultural activity,” stated the governor of the RBI. The RBI stated that it will maintain the 7% GDP growth forecast for FY25 as part of its bi-monthly Monetary Policy decision, citing the industry’s predicted continuation of strong profitability. It is expected that services activity would increase above the pre-pandemic trend. Growth in private consumption should accelerate as rural activity continues to improve and urban demand remains stable. According to the Reserve Bank’s consumer survey, urban residents anticipate increasing their discretionary expenditure, and rising income levels bode well for the expansion of private consumption. RBI Monetary Policy Highlights
RBI Governor on Price Stability at the RBI MPC Meeting in Real Time
“The strong growth momentum along with the GDP forecast for FY25 give us policy space to unwaveringly focus on price stability,” stated RBI governor Shaktikanta Das. RBI Monetary Policy Highlights
