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 Reserve Bank of India (RBI) projects a 7% real GDP growth for the upcoming financial year 2024–25, up from the previous projection of 6.6%. This projection includes a growth rate of 7.2% in Q1, 6.8% in Q2, 7% in Q3, and 6.9% in Q4.
RBI monetary policy meeting announcements: Governor Shaktikanta Das projected GDP growth for 2023-24 at 7 per cent, which is an increase from the previous MPC announcements of 6.5 per cent.
RBI monetary policy meeting: Governor Shaktikanta Das announced the MPC decision to keep repo rate unchanged at 6.5 per cent for the fifth consecutive time.