After the RBI projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by State Bank of India noted that a rate cut with a 7 per cent growth never happened in the history.
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.
As the Reserve Bank of India's (RBI) ongoing meeting draws attention, experts widely believe that the central bank will not announce any changes to the repo rate during this session.
After starting the current month on a tragic note, investors in the stock market will be closely monitoring the global geopolitical situations, outcomes of RBI's Monetary Policy Committee (MPC), and second quarter results of the companies, as per the market experts.
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement.
Expressing deep concern over Balochistan's worsening situation, grand opposition alliance on Wednesday - Tehreek-e-Tahafuz-e-Ayeen Pakistan (TTAP) - has called for an multi-party conference (MPC), ahead of a long-awaited public meeting on September 8, reported Dawn.
The Junior Selection Committee on Saturday announced India's Under 19 squad for the upcoming multi-format IDFC FIRST Bank home series against Australia Under 19 starting from September 21 which will include three 50-over games and two four-day matches to be played in Puducherry and Chennai,