RBI Monetary Policy Committee: RBI Governor Shaktikanta Das said that the MPC remained resolute on containing inflation at a target of 4%. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024.
Banking stocks fell despite the Monetary Policy Committee (MPC) assuaging Street s concerns that it will be facilitating liquidity in the system through different liquidity management tools at its disposal.
The Reserve Bank of India s decision to maintain the repo rate at 6.5% is expected to sustain growth in the housing property market, with a positive trend in middle and high-end residential transactions. The real estate market remains optimistic and hopes for cheaper housing loans in the future.
The RBI has mandated that all regulated entities provide a Key Fact Statement (KFS) to retail and MSME borrowers, ensuring greater transparency and enabling customers to make informed decisions