S&P Global Ratings on Monday retained India's GDP forecast for the current financial year 2024-25 at 6.8 per cent while cutting economic growth forecasts for the next two years.
Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
RBI Governor Shaktikanta Das clarified on Wednesday that changing the monetary policy stance to 'neutral' does not mean a rate cut in the next policy announcement.
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
Das said, "Real GDP growth for 2024-25 is projected at 7.2 per cent. With Q2 at 7 per cent, Q3 at 7.4 per cent and Q4 7.4 per cent. Real GDP growth for Q1 of next financial year that is 2025-26 is projected at 7.3 per cent and the risks are evenly balanced."
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.