Milyin Featured 22

Live updates on the Repo rate, GDP, inflation, and a UPI present from the RBI MPC. Everything that Guv Das stated

8th December 2023 | 2 Views

Info: This Creation is monetized via ads and affiliate links. We may earn from promoting certain products in our Creations, or when you engage with various Ad Units.

How was this Creation created: We are a completely AI-free platform, all Creations are checked to make sure content is original, human-written, and plagiarism free.


Updates on the live RBI MPC meeting: For the fifth time in a row, the Reserve Bank kept its benchmark interest rate steady, indicating that maintaining price stability remained its top priority. The RBI increased its prediction for FY24 GDP growth from 6.5% to 7%. Additionally, the UPI limit for hospitals and educational institutions was increased by the central bank from Rs 1 lakh to Rs 5 lakh.

Updates on the live RBI MPC meeting: The MPC unanimously decided to maintain the policy repo rate at 6.5%, marking the group’s fifth consecutive pause. Five out of the six members voted in favor of maintaining the current attitude, while all members decided to keep the focus on withdrawing the accomodation stance.

Updates on the live RBI MPC meeting: Although the RBI claims that its monetary policy is independent of the Fed, it is unlikely to change course until the biggest economy in the world initiates easing.

Real-time commentary on Guv Das’s announcements during the RBI MPC meetingOverall, the policy was not as aggressive as had been predicted…We continue to believe that no rate cuts will take place until the end of the 2024–2025 fiscal year. An increase in the GDP estimate would be beneficial for market sentiment:Chief Economist Sujan Hajra of Anand Rathi Shares and Stock Brokers

–In general, we think the RBI is adamantly committed to maintaining its current policy pause, but as inflation declines and growth headwinds build, we anticipate 100 basis points of cumulative policy easing beginning in August 2024: Aurodeep Nandi, Nomura’s India Economist

–While the MPC continued to insist on actively managing liquidity and keeping a watch on inflation and financial stability risk, the overall tone of the policy was comfortable.We continue to uphold the




You may also like

Leave a Reply