INSUBCONTINENT EXCLUSIVE:
Mumbai: Reserve Bank of India Governor Shaktikanta Das addresses during the 188th AGM of Bombay Chamber Of Commerce - Industry, in Mumbai,
(Photo: PTI)3 min read Last Updated : Aug 08 2024 | 9:12 AM IST
Governor Shaktikanta Das will announce the committee's decision at 10 am
today regarding whether the body will hold or change the repo rate, which is the rate of interest at which the central bank lends to
commercial banks in India.
According to economists, the RBI is expected to hold the rate amid inflationary pressures
The team, led by Das, has not changed the repo rate since February 2023, maintaining it at 6.5 per cent for the past eight policy
reviews.
Besides inflation goals, the RBI MPC also focuses on promoting growth
India emerged as the fastest-growing economy last year (with real GDP growth at 8.2 per cent) and is expected to grow at 7.2 per cent this
year, the RBI predicts.
What to expect from RBI MPC on repo rates and the economy?
Manoranjan Sharma, chief economist of Infomerics
The target set by the Centre is to keep inflation at 4 per cent, with an upper tolerance limit of 6 per cent and a lower tolerance limit of
Retail inflation was recorded at a four-month high of 5.08 per cent in June.
Will the US Fed rate outcome influence the RBI
Reuters reported on Monday, citing experts, that there is a 100 per cent chance of at least a 50 basis points (bps) rate reduction by the
On Monday, Fed policymakers, while denying that this data indicated that the economy is in recessionary freefall, added that a rate cut was
to hold the rate this time
However, there is a chance for an October rate cut due to the recent souring of global market sentiment, Reuters reported.First Published:
