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| Name | Highlights of RBI Monetary Policy Committee Announcement June 2024. |
| Video Uploader | Video From YES SECURITIES |
| Upload Date | This Video Uploaded At 08-06-2024 10:18:48 |
| Video Discription | RBI keeps repo rate unchanged at 6.50% for the 8th time in a row, as per market expectations. Other policy rate remains unchanged with Standing deposit facility (SDF) at 6.25%, Marginal standing facility (MSF) at 6.75% and Bank rate at 6.75%. RBI continues with its stance of ‘withdrawal of accommodation’ to ensure that inflation progressively aligns to the target while supporting growth. CPI Headline Inflation softened further to 4.80% in Apr’24 from 4.90% in Mar’24, However food inflation remains sticky and edged up to 7.90% in Apr’24 from 7.70% in Mar’24. CPI inflation projection for FY25 is at 4.50% The RBI has projected positive future outlook for India’s real GDP growth rate for FY24-25 from 7.00% to 7.20% with Q1 at 7.30%, Q2 at 7.2%, Q3 at 7.3%, Q4 at 7.20%. Forex reserves hit record high of $651.5 bn as of May 31st 2024. The next meeting of the MPC is scheduled during August 6 to 8, 2024. Disclaimer: https://bit.ly/3DZqs3K #YESSECURITIES #Choiceofthewize #RBI #MonetaryPolicy #FinanceUpdates #Government #EconomicGrowth #YesSecurities |
| Category | Education |
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