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RBI MPC Meet Highlights | In no position to comment on new govt's policies, says Guv Das

The RBI on Friday morning announced decisions taken by the MPC—the central bank kept the repo rate unchanged at 6.5 per cent, and projected real GDP growth for FY24-25 to be 7.2 per cent. CPI inflation for the financial year was pegged at 4.5 per cent by the central bank. During the announcement, Governor Shaktikanta Das also highlighted the robustness of the Indian economy against the backdrop of a relatively unstable global situation. In the post-announcement presser, Guv Das refused to comment on future rate cuts, saying that the RBI would wait for inflation to stabilise at its target of 4%. He also said that the new govt's policies was the govt's remit, and that he was not in a position to comment on the same. Here are the highlights from the RBI's monetary policy review and the post-announcement presser.
Last Updated : 07 June 2024, 07:29 IST
Last Updated : 07 June 2024, 07:29 IST

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Highlights
04:3407 Jun 2024

Repo rate to remain unchanged at 6.5 per cent, announces Guv Das

04:4007 Jun 2024

Real GPD growth for FY24-25 projected at 7.2 per cent, Guv Das announces

04:4507 Jun 2024

CPI inflation for FY24-25 is projected at 4.5 per cent, announces Guv Das

05:0307 Jun 2024

With a 15.2% share, India is the largest recipient of remittances globally, says Guv Das

05:0507 Jun 2024

India's forex reserves hit a historical high of $651.5 billion as of May 31, announces Guv Das

06:5707 Jun 2024

Will wait for inflation to stabilise around 4 per cent before taking policy action, says Guv Das, refusing to comment on future rate cuts

07:0407 Jun 2024

In no position to comment on new govt's policies, says Guv Das

07:0407 Jun 2024

In no position to comment on new govt's policies, says Guv Das

06:5707 Jun 2024

Will wait for inflation to stabilise around 4 per cent before taking policy action, says Guv Das, refusing to comment on future rate cuts

06:5607 Jun 2024

Last mile of our journey towards 4  per cent inflation target is sticky, explains Guv Das

06:5507 Jun 2024

Not in a position to comment on fiscal consolidation, says Guv Das

06:4707 Jun 2024

Asset liability mismatch a concern, says Deputy Guv Swaminathan Janakiraman

Published 07 June 2024, 03:01 IST

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