RBI MPC Meet 2024 Live Updates: Inflation is likely to increase moderately to 5.2 percent year-on-year (YoY) in March when compared to 5.1 percent in February, wrote the analysts. They forecast 5.2 percent headline inflation for Q1CY24, driven by food inflation. The analysts expect the central bank to take comfort from declining core inflation but remain cautious given upside risks to food inflation from weather shocks, and repricing of the Fed funds rate easing path.
RBI Monetary Policy Meeting Live Updates: Following the conclusion of the Monetary Policy Committee (MPC) meeting, Reserve Bank of India Governor Shaktikanta Das is scheduled to make the announcements related to repo rate and other vital monetary indicators at 10 am on February 8.
The RBI has increased the UPI transaction limit for education and healthcare to a whopping ₹5 lakh per day! This means you can now pay for school fees, college admissions, and even hefty medical bills seamlessly through your favorite UPI app.
RBI MPC Meeting: The MPC maintained the policy stance as withdrawal of accommodation by 5 out of 6 majority. The announcements are in line with expectations.
RBI MPC Meeting: Further e-Mandates for making payments of a recurring nature has been raised to ₹1 lakh for mutual fund subscriptions, insurance premium subscriptions, and credit card repayments.