RBI Monetary Policy Committee decides to keep repo rate unchanged at 6.5 pc: Governor Shaktikanta Das.Indian economy and financial sector stand strong and resilient amidst unprecedented global headwinds says, RBI Governor Shaktikanta Das.MPC decides to remain focussed on withdrawal of accommodation of policy stanceClose and continued vigil on evolving inflation is absolutely necessaryPace of global economic activity to decelerate due to geopolitical situation.MPC will continue to take policy actions promptly and appropriately to keep inflation expectations firmly anchored.Headline inflation is above the target of 4 per cent and expected to remain so during rest of the year.Domestic demand condition remains supportive of growth; rural demand on revival path.Forex reserves are at comfortable levels.GDP growth in Q1 this fiscal year expected at 8 pc.RBI retains growth projection at 6.5 pc for FY'24, expects 8 pc growth in Q1, 6.5 pc in Q2, 6 pc in Q3 and 5.7 pc in Q4.RBI lowers retial inflation projection to 5.1 pc during FY'24 from earlier estimate of 5.2 pc..Follow The New Indian Express channel on WhatsApp Download the TNIE app to stay with us and follow the latest
RBI Monetary Policy Committee decides to keep repo rate unchanged at 6.5 pc: Governor Shaktikanta Das.Indian economy and financial sector stand strong and resilient amidst unprecedented global headwinds says, RBI Governor Shaktikanta Das.MPC decides to remain focussed on withdrawal of accommodation of policy stanceClose and continued vigil on evolving inflation is absolutely necessaryPace of global economic activity to decelerate due to geopolitical situation.MPC will continue to take policy actions promptly and appropriately to keep inflation expectations firmly anchored.Headline inflation is above the target of 4 per cent and expected to remain so during rest of the year.Domestic demand condition remains supportive of growth; rural demand on revival path.Forex reserves are at comfortable levels.GDP growth in Q1 this fiscal year expected at 8 pc.RBI retains growth projection at 6.5 pc for FY'24, expects 8 pc growth in Q1, 6.5 pc in Q2, 6 pc in Q3 and 5.7 pc in Q4.RBI lowers retial inflation projection to 5.1 pc during FY'24 from earlier estimate of 5.2 pc..Follow The New Indian Express channel on WhatsApp Download the TNIE app to stay with us and follow the latest