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 MPC Meet LIVE News Updates: It is expected that the RBI will maintain its current interest rates unchanged during its upcoming meeting, with the likelihood of an immediate reduction diminishing. This shift comes after the government issued a caution regarding an impending heatwave and the economy demonstrated a quicker growth trajectory than initially anticipated.It is the first bi-monthly monetary policy of 2024-25. A total of six MPC meetings are scheduled for the fiscal year beginning April 1, 2024.According to a recent survey conducted by ET with 14 participants, it is anticipated that the Monetary Policy Committee (MPC) of the central bank will decide to maintain the repo rate at 6.50% during the conclusion of their three-day meeting on April 5. If this prediction holds true, it would signify the seventh consecutive instance where the committee has chosen to keep the repo rate unchanged at its present level.The repo rate, which denotes the rate at which the RBI lends to banks,
RBI MPC 2024 LIVE: Stay updated with the latest developments from the RBI Monetary Policy Meeting April 2024. Get insights into Governor Shaktikanta Das's announcements regarding repo rate, interest rates, and more.
Reserve Bank of India Monetary Policy: The RBI today left inflation estimate for fiscal 2025 unchanged at 4.5% amid rising concerns over soaring crude oil prices and supply chain disruptions due to the Red Sea crisis. Food inflation remains a concern after it climbed to 8.7% in February, driving overall inflation, while Brent and WTI futures have now surged on geopolitical tensions.
RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das has announced MPC’s 5-1 decision to keep interest rates steady at 6.5 per cent. Das said that inflation is moving closer to the RBI’s target but yet to reach the 4 per cent mark. RBI has kept standing deposit facility rate steady at 6.25%