Reserve Bank of India (RBI) Governor Shaktikanta Das addressed the media in a press conference, reaffirming the RBI's GDP growth projection for the current fiscal year at 6.5 percent, with risks being evenly balanced.
RBI Monetary Policy Update: Retail Inflation Forecasted at 5.4% for 2023-24
Governor Shaktikanta Das revealed that the Central bank anticipates retail inflation to reach 5.4 percent for the fiscal year 2023-24. He also noted that near-term inflation is expected to soften due to a decrease in vegetable prices and a reduction in cooking gas cylinder rates. The governor projected a moderation of retail inflation to 5.2 percent in the following year, down from the current 6.8 percent.
RBI MPC Meeting: Optimism Surrounds Inflation Outlook
In a positive development, RBI Governor Shaktikanta Das announced during the RBI Monetary Policy Committee Meeting that inflation is likely to ease in September. He emphasized the domestic economy's resilience, driven by robust demand.
RBI Monetary Policy Update: MPC's Vigilance on Inflation, as Stated by Shaktikanta Das
Expressing concerns over the rising prices, Governor Das underlined that the RBI Monetary Policy Committee (MPC) remains vigilant about inflation and remains steadfast in its commitment to align inflation with the targeted level.
India Positioned as a Global Growth Engine, Says RBI Governor
Governor Shaktikanta Das expressed concern about geopolitical factors but assured that the external sector remains manageable. During the bi-monthly monetary policy announcement, Das conveyed India's potential to become a new growth engine for the world.
RBI MPC Meeting Insights: Inflation Emerges as a Major Concern
In the outcome of the RBI Monetary Policy Committee meeting, Governor Shaktikanta Das identified inflation as a significant risk to the economy's growth.
RBI Monetary Policy Update: Repo Rate Unchanged
RBI Governor Shaktikanta Das, leading the Monetary Policy Committee, decided to maintain the repo rate at its current level of 6.5 percent. "RBI’s Monetary Policy Committee has opted to maintain the status quo, keeping the Repo Rate unchanged at 6.50%," announced Shaktikanta Das.
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