Bharat Express

Monetary Policy Committee

The RBI reduced the repo rate, the interest rate at which the central bank lends money to commercial banks, for the first time since May 2020.

The domestic benchmark indices traded almost flat early on Wednesday after the stock market experienced a strong upward movement as the US trade tariff tensions eased.

The Monetary Policy Committee (MPC) is scheduled to meet on February 7. Analysts expect the MPC to maintain a neutral stance, with consensus indicating a possible rate cut starting in February.

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.