RBI Policy
Today, the RBI's monetary policy committee voted to retain the repo rate at 6.5%. In addition, the policy committee forecasted 4.5% CPI inflation and 7% GDP growth in FY25. RBI Governor Shaktikant Das also stated that the struggle against inflation is not done; the fight to limit inflation on a long-term basis would continue, which indicates that rate cuts will not occur soon.
Key Highlights :
- The RBI Monetary policy committee keeps the repo rate steady at 6.5%.
- Policy committee forecasted 4.5% CPI inflation and 7% GDP growth in FY25.
- The RBI Governor said that the MPC remained resolute on containing inflation at target of 4.5%.
- RBI Governor Shaktikanta Das' didn't surprise the markets and stuck to the playbook by maintaining the status quo.
- Rupee stable, forex reserves $622.50 billion.
- Global growth is expected to remain steady in 2024, with heterogeneity regions.
- Indian growth story to continue stronger.