RBI MPC Meet Highlights: Real GDP growth pegged at 6.5%, inflation at 5.2% for FY24

In a relief, the Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5%. The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022. Shaktikanta Das pegged the GDP growth at 6.5% and inflation at 5.2% for FY24. Along with that Das also added that Indian banking system remains sound and healthy.

RBI remains vigilant and ready to face challenges with firm commitment to price and financial stability, says Governor Das

RBI permits operation of pre-sanctioned credit lines at banks to widen and expand footprint of UPI

RBI to set up centralised portal to search across multiple banks for unclaimed deposits: Das

GCC countries to remain main source of remittances; inward remittances touch all-time high of $107.2 billion in 2022: RBI Guv

Since early 2020 world is going through uncertainty, the broadening of economic activity and expected moderation in inflation are welcome developments says RBI Guv

Shaktikanta Das projects real GDP growth for 2023-24 at 6.5%, inflation at 5.2%

RBI projects 5.2% inflation for FY24

We will ensure completion of govt borrowing program in non-disrutive manner. Indian rupee has moved in an orderly manner in 2022 and continues to do so

Indian banking system remains sound and healthy, says Das adding that they are keeping close watch on the banking sector problems that are taking place in other countries

Monetary Policy Committee will not hesitate to take any action in future, says RBI Governor after hitting pause button on rate hike

Policy decisions taken since May 2022 are still working through the system, says RBI Guv

Economic activity remains resilient; economy expected to grow 7 per cent in FY23: Das

Shaktikanta Das announces that real GDP growth for 2023-24 is projected at 6.5%

Banking and non-banking financial system remains healthy: RBI Guv Shaktikanta Das

Policy decisions taken since May 2022 are still working through the system, says RBI Guv.

India's economic activities remain 'resilient'. Manufacturing remain 'robust' and the service sector activities have shown 'buoyancy'

Shaktikanta Das announces that effective rate hike since April last year has been 290 bps

Governor Shaktikanta Das announces policy repo rate to remain unchanged to 6.5%. He adds that amid worldwide votality banking and nonbanking sector is doing good

Uncertainties in geopolitics that we are seeing now have never been seen before, says Shaktikanta Das.

Markets fall in early trade ahead of RBI policy decision

Equity benchmark indices declined in early trade on Thursday as investors remained cautious ahead of the Reserve Bank of India's monetary policy review and weak trend in global markets. The 30-share BSE Sensex fell 165.16 points to 59,524.15 after a weak beginning. The broader NSE Nifty declined 45.5 points to 17,511.55. Among the Sensex firms, HCL Technologies, Axis Bank, Tech Mahindra, Maruti, Titan, ICICI Bank, Hindustan Unilever and Nestle were the biggest laggards. Reliance Industries, Larsen & Toubro, IndusInd Bank, Power Grid, State Bank of India and Tata Consultancy Services were the winners.

Rupee falls 5 paise to 81.95 against US dollar in early trade ahead of release of RBI policy decision