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RBI s MPC pegs India s FY25 growth at 7%, raises quarterly estimations

The Reserve Bank of India predicts a 7% growth rate for the Indian economy in FY25, maintaining the benchmark lending rates at 6.5% for the sixth consecutive time. The Monetary Policy Committee (MPC) forecasts GDP growth rates for FY24 and FY25. Despite global economic challenges, India s economy exhibits resilience, supported by robust domestic activity and government initiatives, attracting foreign investments in various sectors, including technology manufacturing.

India Keeps Interest Rates Unchanged

India's central bank decided to leave its benchmark interest rates unchanged on Thursday. The Monetary Policy Committee of the Reserve Bank of India, headed by Governor Shaktikanta Das, voted 5-1 to hold the repo rate at 6.

Xinhua world economic news summary at 0900 GMT, Feb 8

Xinhua world economic news summary at 0900 GMT, Feb 8
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RBI repo rate: RBI may change policy stance to neutral on easing core inflation: Economists

India s sustained fall in core retail inflation and subdued inflationary pressures could prompt the Reserve Bank of India (RBI) to ease its policy stance to neutral next month. Economists believe a shift in stance is likely based on the inflation outlook, global financial conditions, and liquidity situation.

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