RBI’s MPC keeps policy rate unchanged; real GDP growth for FY24 projected at 6.5%
The Governor said the real GDP growth for 2023-24 is projected at 6.5%R
The Governor said the real GDP growth for 2023-24 is projected at 6.5%R
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The Reserve Bank of India's Monetary Policy Committee (MPC) expects India's GDP growth for FY24 to be 6.5%. The forecast for Q2 is 6.5%, Q3 is 6%, and Q4 is 5.7%. Inflation forecast was revised to 5.4% from 5.1% due to rising vegetable, cereal, and pulse prices. The World Bank maintained India's growth forecast at 6.3% for FY24 but revised inflation projection to 5.9%. Moody's Investor Service raised India's growth forecast to 6.7% in 2023. The rate-setting panel emphasized the need to monitor inflation... Читать дальше...
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Читать дальше...RBI MPC Meeting: The Reserve Bank of India (RBI) has maintained its inflation forecast for the fiscal year at 5.4%, despite concerns over uneven monsoons and rising global crude oil prices. The RBI's Monetary Policy Committee has kept the key lending rate unchanged at 6.5%, with a focus on withdrawing accommodation. The inflation outlook is uncertain due to factors such as lower oil reserves, volatile global food and energy prices, and the impact of El Nino. The RBI aims to bring inflation down to 4% and will closely monitor risks... Читать дальше...