RBI MPC Highlights: GDP growth projected at 6.5%, inflation pegged at 5.1% for FY24

The RBI's Monetary Policy Committee (MPC) announced its policy decision today. The repo rate remained unchanged at 6.5 per cent. RBI Governor Das also stated that GDP growth is projected at 6.5%, while inflation is pegged at 5.1% for FY24. Das said rupee has remained stable since January this year. The central bank also announced to give nod to banks to issue Rupay prepaid forex cards. The second bi-monthly monetary policy meeting of FY24, was held from June 6 to 8.

That's our coverage of the Reserve Bank of India's MPC meet. Visit the Deccan Herald websitefor all the latest news and updates from India and around

RBI Monetary Policy: Central bank keeps repo rate unchanged again at 6.5%

The Reserve Bank of India (RBI) has kept the repo rate unchanged (once again) at6.5 per centon the back of easing retail inflation and the need to push economic growth.

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RBI will remain watchful and proactive in dealing with emerging risks to price and financial stability: RBI Governor

RBI allows banks to issue Rupay prepaid forex cards

RBI to expand scope of e-rupee voucher, to allow non-bank companies to issue such instrument

India's real GDP recorded growth of 7.2% in 2022-23, stronger than earlier estimate of 7%

Conditions favourable for capital expenditure to gain momentum

Net inflow in non-resident deposits increased to $8 billion in FY'23 from $3.2 billion in previous year

Indian rupee remains stable since January this year

Current account deficit expected to moderate further in Q4, remains eminently manageable: RBI Governor

RBI will remain nimble in its liquidity management while ensuring adequate resources for productive requirements of economy: RBI Guv

RBI Guv says monetary policy actions are delivering desired results

GDP growth projected at 6.5%, inflation at 5.1% for FY24

Trade deficit has narrowed on the bank of sharper decline of exports and imports

Central bank retains growth projection at 6.5%, cuts inflation projection to 5.1%

GDP growth forecast at 6.5% for 2023-24

Need to maintain an 'Arjuna's eye' on evolving inflation scenario, says Das as headline inflation remains above target

Need to maintain an 'Arjuna's eye' on evolving inflation scenario, says Das as headline inflation remains above target

Consumer Price Inflation eased during March-April 2023 and moved into tolerance band, declining from 6.7% in 2022-23: Das

Standing Deposit Facility (SDF rate) remains at 6.25% and the marginal standing facility and the bank rates stand at 6.75%

Forex reserves are at comfortable levels: RBI Governor

Domestic demand condition remains supportive of growth; rural demand on revival path, says RBI Guv

CPI headline inflation is projected at 5.1% for 2023-24: RBI Governor

The MPC has decided by a majority of five out of six members to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth: Das

MPC will continue to take policy actions promptly and appropriately to keep inflation expectations firmly anchored: RBI's Shaktikanta Das

Pace of global economic activity to decelerate due to geopolitical situation, says Das

MPC decides to remain focussed on withdrawal of accommodation of policy stance, says Das

Close and continued vigil on evolving inflation is absolutely necessary: Das

MPC decides to keep policy repo rate unchanged at 6.5%

Meeting on Monetary Policy statement by Governor Das starts

Shares open higher ahead of RBI rate decision

Shares opened higher on Thursday, with the benchmarks closing in on all-time highs, ahead of the Reserve Bank of India's (RBI) monetary policy decision in which the central bank is widely seen holding key rates steady.

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RBI may pause again with markets watching for stance shift

The Reserve Bank of India is expected to pause for a second straight meeting as inflation eases and market watchers are looking for cues of a shift in policy stance to support growth in Asia’s third largest economy.

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Monetary Policy | Shall we pause for a moment?

All eyes will be on the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) as it convenes today (June 6) to weigh all the positive signs and the risks on the horizon for the economy. Will there be a rate hike? Or will it pause it, as was done in April?

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