Live updates from the RBI MPC meeting: At 10 a.m. today, Shaktikanta Das will make the announcement regarding the repo rate decision made by the monetary policy committee (MPC).
Live updates from the RBI MPC meeting: The RBI must address both declining GDP growth and increasing inflation in its December 2024 monetary policy.Live updates from the RBI MPC meeting: Governor Shaktikanta Das declared on Friday, December 6, 2024, that the Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5%. The repo rate has now held steady at 6.5% for the eleventh straight period. This occurs at a time when GDP growth slowed to 5.4% for the July–September quarter and India's inflation spiked to 6.2% in October 2024, above the RBI's tolerance limit.
Additionally, as Governor Das's term is coming to an end this month, it might be the last MPC with him leading. However, because he was appointed in December 2018 and received an extension in 2021, it is unclear if he will remain in office.
Live updates from the RBI MPC meeting: RBI reduces CRR by 50 basis points to 4%
Live updates from the RBI MPC meeting: The cash reserve ratio (CRR) was lowered to 4% by the RBI, a 50 basis point decrease.
Live updates from the RBI MPC meeting: Inflation in FY25 is predicted by the RBI to be 4.8%.
Live updates from the RBI MPC meeting: the RBI predicted that inflation will be 4.8% in the fiscal year 2024–2025. Forecasts for the third and fourth quarters are 5.7% and 4.5%, respectively.
Live updates from the RBI MPC meeting: According to RBI projections, India's GDP will expand by 6.6% in FY25.
Live updates from the RBI MPC meeting: The RBI predicted that India's GDP would expand by 6.6% in FY25. Forecasts for the third and fourth quarters are 6.8% and 7.2%, respectively.
Live updates from the RBI MPC meeting: SDF at 6.25%, MSF, and bank rate at 6.75%
Live updates from the RBI MPC meeting show that the bank rate and the Marginal Standing Facility (MSF) are at 6.75%, while the Standing Deposit Facility (SDF) is still at 6.25%.
Live updates from the RBI MPC meeting: According to Governor Das, the last mile of disinflation is taking longer than expected.
Live updates from the RBI MPC meeting: According to RBI Governor Shaktikanta Das, the final mile of global disinflation is taking longer than expected.
Live updates from the RBI MPC meeting: RBI maintains the 6.5% repo rate.
Live updates from the RBI MPC meeting: The RBI maintained the 6.5% repo rate.
Live updates from the RBI MPC meeting: It is crucial to preserve pricing stability and growth, according to Governor Das.
Live updates from the RBI MPC meeting: Governor Shaktikanta Das stated that it is crucial to preserve pricing stability and growth.
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