Bharat Express

Reserve Bank of India (RBI)

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

The RBI has opted to keep the repo rate steady at 6.5% for the 11th straight time, reinforcing its neutral monetary policy stance.

Moody’s has forecasted a strong 7.2% GDP growth for India in 2024, driven by favorable economic conditions and solid growth prospects.

The US Federal Reserve’s second 25-basis-point rate cut to 4.75% boosts optimism in emerging markets, including India.

Amid rising geopolitical tensions and gold prices, the RBI reported its gold reserves increased to 854.73 metric tonnes as of 30 September.

The RBI expressed confidence in the country’s economic stability, with Shaktikanta Das stressing a proactive approach to global challenges.

The RBI has imposed strict regulatory actions on four NBFCs - Asirvad, Arohan, DMI, and Navi - over major supervisory concerns.

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.