RBI Policy Meeting: Shaktikanta Das Led-First MPC Meeting Concludes, Repo Rate Remains the Same

RBI Policy Meeting: RBI Governor Shaktikanta Das has decided to keep the repo rate at 6.5 percent. According to the decision of the first Monetary Policy Committee meeting, the EMI will not rise. Additionally, the reverse repo rate will remain at 3.35%, while the SDF rate will remain at 6.25%. The RBI Governor also discussed the challenges that lie ahead, such as the global outlook, which appears to be difficult due to geopolitical tensions, disruption in trade routes, and a significant increase in public debt. 

RBI Governor Shaktikanta Das on MPC Meeting

Shaktikanta Das also stated that core inflation is decreasing and that central banks are determined to bring inflation back in line with their targets. In addition, he stated that the growth from increased rural demand, as well as the growth from gaining strength and good fundamentals, is about obtaining growth support. Meanwhile, the RBI Governor forecasts a 7.5% GDP growth in FY25.