The repo rate will remain at 6.5 percent, RBI Governor Shaktikanta Das announced after the MPC meeting. He said that the banks are strong. NPA has come down. Corporate balance sheets have strengthened. India's strong macroeconomic fundamentals remain. Indian economy remains strong. The RBI governor has said that inflation has been affected by the increase in the prices of vegetables. Inflation is expected to increase in July-August. Speaking after the MPC meeting, the RBI governor has said that the Reserve Bank has proposed a framework to allow borrowers to adopt a fixed interest rate regime.
All members of the MPC are in favor of keeping the interest rates stable.
He told that during the MPC meeting, all the members were unanimously in favor of keeping the interest rates stable. He also told that interest rates at the global level will remain high for a long time. The RBI governor said that the challenges of inflation and debt persist in the global economy. The RBI Governor said that India is more capable of dealing with economic challenges than other countries.
Indian becomes fifth largest economy in the world: RBI Governor
After the MPC meeting, RBI Governor Shaktikanta Das said that our economy continues to grow at a reasonable pace and has become the 5th largest economy in the world, and is contributing around 15% to global growth. The RBI governor said that the CPI is estimated to increase from 5.1% to 5.4% in FY 24. The RBI chief said that the GDP growth in FY24 could be 6.5%. Whereas in FY25, GDP can be 6.6%. The CPI in FY25 is estimated to be 5.2%. The RBI governor said the transmission of monetary policy is still on, as headline inflation remains above the target of 4 percent. RBI Governor Das said the MPC will remain vigilant on inflation and remain steadfast in its commitment to bring inflation down to the target level.
Also Read: Bengaluru: "Haye Rey Bengaluru traffic", loss of Rs 19,725 crore every year; claim in the study
The issue of the teaser of 'Pushpa 2' getting less than half the views a
On Thursday, the last day of the first phase of the budget session in the Bengal Assembly, Educat
Delhi Capitals may have lost the second match of the doubleheader played on Sunday in IPL 2025, b
Various Union Ministers of State have been assigned responsibilities to receive foreign guests ar
Excise Policy Case: Hearing on Arvind Kejriwal's petition today, Delhi CM challenges ED summons
Chief Minister Arvind Kejriwal's plea challenging the summons issued by the Enforcement Directora
Champions Trophy 2025: Chaos erupts over not hoisting Indian flag in Pakistan stadium, fans angry
A controversy has surfaced even before the start of the ICC Champions Trophy 2025. In the video g
The Indian team can be announced today for the remaining three matches of the ongoing five-match
After meeting India's Foreign Secretary Vikram Misri, Bangladesh's Mohammad Yunus government has
Campaigning for the assembly elections in Jharkhand is in full swing. Today, Prime Minister Naren
Tripti Dimri became very famous with her role as 'Zoya Bhabhi' in the film Animal. After this fil
