Highlights of RBI meeting..!! Repo to GDP..!!
Highlights of RBI meeting..!! Repo to GDP..!!
Reserve Bank's monetary policy review meeting concluded. This time there is no change in the repo rate. For the 10th time in a row, interest rates have remained unchanged. Similarly, a change in UPI transaction limits has also been announced. governor Shaktikanta Das announced some important decisions at the Reserve Bank's monetary policy meeting. Interest rates have not changed this time either. Hence repo rates remain at 6.50%. FY2025 GDP forecast remains unchanged at 7.2% and inflation at 4.5%. Similarly, the bank has announced fixed deposit facility (SDF) rates at 6.25% and marginal standing facility (MSF) rates at 6.75%. In this meeting, Shaktikanta Das said that keeping inflation flexible is good for the development of the country. Hence, some relief is expected in the food price rise.
Likewise, since this repo rate change is not made, the benchmark rates associated with the repo rate do not increase. Although there is no particular consolation for the borrowers, it has shown good news that the EMI will not increase. At the same time, financial institutions including banks are likely to increase the loan interest rate. The external benchmark lending rates (EBLR) linked to the repo rate will not rise until the RBI changes interest rates. Likewise, the lack of change in interest rates is a disappointment for investors. The reason is that interest does not accrue even on fixed deposits. The current decision may also help bring additional liquidity into the banking system.
Some key highlights of the RBI meeting: The country's GDP growth in the first quarter of the current fiscal was 6.7 percent.
UPI payment transaction limit will be increased from Rs.1,000 to Rs.5,000.
UPI Lite wallet limit increased from Rs.2,000 to Rs.5,000
UPI Lite transaction limit increased from Rs.100 to Rs.500
The manufacturing sector is on track to recover due to rising domestic demand, lower input costs, and government policies
Food inflation in the country has come down due to good monsoon.
The financial condition of indian banks is healthy.
RBI governor Shaktikanta Das said that the economic condition of the country shows stability and strength.
Reserve Bank's monetary policy review meeting concluded. This time there is no change in the repo rate. For the 10th time in a row, interest rates have remained unchanged. Similarly, a change in UPI transaction limits has also been announced. governor Shaktikanta Das announced some important decisions at the Reserve Bank's monetary policy meeting. Interest rates have not changed this time either. Hence repo rates remain at 6.50%. FY2025 GDP forecast remains unchanged at 7.2% and inflation at 4.5%. Similarly, the bank has announced fixed deposit facility (SDF) rates at 6.25% and marginal standing facility (MSF) rates at 6.75%. In this meeting, Shaktikanta Das said that keeping inflation flexible is good for the development of the country. Hence, some relief is expected in the food price rise.
Likewise, since this repo rate change is not made, the benchmark rates associated with the repo rate do not increase. Although there is no particular consolation for the borrowers, it has shown good news that the EMI will not increase. At the same time, financial institutions including banks are likely to increase the loan interest rate. The external benchmark lending rates (EBLR) linked to the repo rate will not rise until the RBI changes interest rates. Likewise, the lack of change in interest rates is a disappointment for investors. The reason is that interest does not accrue even on fixed deposits. The current decision may also help bring additional liquidity into the banking system.
Some key highlights of the RBI meeting: The country's GDP growth in the first quarter of the current fiscal was 6.7 percent.
UPI payment transaction limit will be increased from Rs.1,000 to Rs.5,000.
UPI Lite wallet limit increased from Rs.2,000 to Rs.5,000
UPI Lite transaction limit increased from Rs.100 to Rs.500
The manufacturing sector is on track to recover due to rising domestic demand, lower input costs, and government policies
Food inflation in the country has come down due to good monsoon.
The financial condition of indian banks is healthy.
RBI governor Shaktikanta Das said that the economic condition of the country shows stability and strength.