What was special in RBI policy? | Shaktikanta Das | RBI POLICY- Watch Video

Reserve Bank Governor Shaktikanta Das has announced the first monetary policy for the financial year 2024 on Thursday (April 6). The RBI governor has surprised the market with his decision on repo rate and his projections on inflation rate and growth rate. Earlier it was estimated that after the MPC meeting, the central bank may increase the repo rate by 25 bps. But after increasing the repo rate for six consecutive times, this time it has been kept unchanged. This decision of the central bank will provide relief to customers paying home loans and vehicle loans, as their EMIs will not increase for the time being.

Big things in the announcement of the RBI governor after the MPC meeting

• No change in repo rate
• Inflation expected to come down
• GDP estimated at 6.5%
• All sides of MPC in favor of keeping the interest rate stable
• Current account deficit expected to remain under control
• RBI's eye on the stability of the rupee
• UPI boost
• Home loan EMI will not increase
• Two-two hands continue with inflation
• The RBI Governor also remembered Kautilya and Mahatma Gandhi during his statement.