India

RBI Monetary Policy Updates Live | Repo rate remains unchanged at 4%, says RBI Governor Shaktikanta Das

RBI Monetary Policy LIVE Updates: In line with expectations, the RBI MPC keeps key rates unchanged. This is the ninth consecutive time since the rate remains unchanged

RBI LIVE Monetary Policy: Reserve Bank of India (RBI) Governor Shaktikanta Das announced on December 8 that the central bank has decided to keep key rates unchanged, the repo rate remains at 4% and the position remains accommodative.

Omicron, RBI Should Have Maintained Status Quo In Next Monetary Policy And Waited For RBI LIVE Monetary Policy | The GDP growth forecast for the first quarter of fiscal 23 was maintained at 17.2%; GDP growth in Q2FY23 at 7.8%; CPI forecast for the first quarter of fiscal 23 revised to 5% from 5.2%; and CPI Forecast for Q2FY23 at 5%: Governor Shaktikanta DasRBI’s Monetary Policy LIVE | CPI inflation target for fiscal 22 maintained at 5.3 percent. The CPI inflation target for October and December has been revised to 5.1% from 4.5% earlier; while the CPI inflation forecast for January and March has been revised to 5.7% from 5.8% previously: Governor Shaktikanta DasRBI LIVE Monetary Policy | From January 2022, the liquidity adjustment will be done mainly via the Reverser Repo Variable auction. our accommodative stance to broaden the growth momentum:

Governor Shaktikanta DasRBI Monetary Policy LIVE | The MPC notes that crude oil prices have fallen, consumer demand has improved, and rural demand is showing resilience. The recovery of the Indian economy is gaining momentum. Public consumption has increased since October 2021.Recent tax cuts on gasoline and diesel are expected to encourage an influx of private investment. There has been a significant reduction in debt on the company’s balance sheet. Government’s Focus on Private Investment Should Help Inflow of Private Investment: Monetary Policy of Governor Shaktikanta DasRBI LIVE | “We have a strong buffer to deal with the global fallout and inflation is broadly in line with the target.

We are better prepared to face the invisible enemy COVID19. The national economic outlook is clouded somewhat by Omicron’s variant: monetary policy. Governor Shaktikanta DasRBI LIVE | Recent Gasoline and Diesel Tax Cuts Should Support Consumers’ Purchasing Power: Gov. Shaktikanta DasRBI’s Monetary Policy LIVE | The real GDP growth projection is maintained at 9.5%.

The central bank, however, revised its GDP growth in Q3FY22 to 6.6% of 6.8% preceding and reduce Q4FY22 GDP to 6% of 6.1%.25%: the monetary policy of Governor Shaktikanta DasRBI LIVE | BREAKDOWN: Repo rate unchanged at 4% and accommodating position as long as needed for the economy: RBI Governor Shaktikanta Das

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