Bharat Express

Monetary Policy Committee

On Friday, the Indian stock market closed flat following the RBI's Monetary Policy Committee (MPC) decisions on the repo and CRR rates.

The market will closely monitor the RBI’s policy response, particularly its commentary on growth and inflation.

The domestic benchmark equity indices ended in the green on Wednesday, driven by buying activity in the PSU bank and realty sectors.

RBI Governor Shaktikanta Das announced India’s GDP growth is set at 7.2% for 2024-25, fueled by rising consumption and investment.

On Wednesday, the RBI's MPC decided to maintain the repo rate at 6.5% and upheld its GDP growth forecast for India at 7.2% for FY25.

The Reserve Bank of India (RBI) is optimistic about India's economic prospects, forecasting a real GDP growth of 7.2% for FY25.

During the MPC meeting on Wednesday, RBI Governor Shaktikanta Das projected retail inflation at 4.5% for FY25.

Experts expect the RBI to maintain the repo rate as its Monetary Policy Committee begins a three-day meeting amid global uncertainties.

Indian stock markets opened cautiously Thursday, with equity indices trending downward as investors awaited the RBI MPC decisions.

The RBI is expected to maintain its current interest rates in its monetary policy review, balancing economic growth and inflation concerns.