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The Reserve Bank of India s Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. This decision comes amidst concerns over inflation, with retail inflation remaining near the upper end of the central bank s comfort zone. Key highlights include the forecasted GDP growth rate of 7% for FY25, the projection of CPI inflation at 4.5% for the same period, and the decision to keep inflation forecast unchanged at 5.4% for the fiscal year. ....
It is widely anticipated that the RBI MPC will maintain the repo rate at the current level of 6.5 percent. This would mark the sixth consecutive time when the rate remains unchanged. ....
The Reserve Bank of India left its benchmark interest rates unchanged, as widely expected, while surging food prices forced policymakers to turn hawkish. After the three-day Monetary Policy Committee meeting, RBI Governor Shaktikanta Das on Thursday said policymakers unanimously decided to keep the policy repo rate unchanged at 6. ....
Tomatoes are causing a stir in India due to increasing prices caused by harsh weather conditions and reduced planting areas, impacting inflation projections and catching the attention of the Reserve Bank of India and the Indian Parliament. The RBI today raised inflation forecast for India, largely due to food price shocks, while the government vouched how well they have handled price pressures. ....