Back
PremiumRBI Monetary Policy Meeting Highlights: The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy for FY25 today, October 9. After a three-day meeting of the six-member RBI Monetary Policy Committee (MPC), the RBI Governor Shaktikanta Das announced that the rate-setting panel decided to keep the benchmark repo rate unchanged at 6.5% for the tenth straight meeting. However, the MPC changed the policy stance to ‘Neutral’ from ‘withdrawal of accommodation’. FY25 GDP growth estimates were retained at 7.2%, while CPI Inflation forecast for FY25 remained at 4.5%. Stay tuned to our RBI policy live blog for the latest updates.
RBI MPC Live Updates: RBI MPC will be cautious regarding the evolving risks to food inflation. As far as economic growth is concerned, while high-frequency indicators suggest some softening of the economic momentum, overall growth continues to remain healthy. A revival of the private consumption demand along with early signs of a pickup in private investment bodes well for the overall economy. The RBI will also find comfort from the fact that growth in unsecured lending has slowed, said CareEdge.
We believe that RBI is likely to maintain a status quo on policy interest rates and stance today. However, if food inflation moderates, we could see a shallow rate cut of 50 bps in the upcoming policy meetings in this fiscal year, it added.
RBI MPC Live Updates: India's retail inflation has stayed within the Reserve Bank of India's (RBI) target of 4% for two consecutive months. The Consumer Price Index (CPI) inflation stood at 3.65% in August, slightly up from 3.6% in July.
In its August policy review, the RBI maintained its CPI inflation forecast for FY25 at 4.5%. The inflation forecast for Q2FY25 was revised upwards to 4.4% from 3.8%, and for Q3FY25 to 4.7% from 4.6%, while the forecast for Q4FY25 was lowered to 4.3% from 4.5%. For Q1FY26, the RBI estimates CPI inflation at 4.4%.
RBI MPC Live Updates: RBI is expected to maintain its GDP growth projections in today’s monetary policy meeting. In its August monetary policy, RBI retained FY25 real GDP growth forecast at 7.2%. Q1FY25 GDP growth target was reduced to 7.1% from 7.3%, while Q2 was retained at 7.2%, Q3 at 7.3% and Q4 at 7.2%. The real GDP growth for Q1FY26 was projected at 7.2%.
RBI MPC Live Updates: Economists anticipate a possibility of change in monetary policy stance to ‘neutral’ from ‘withdrawal of accommodation’. This is expected to be perceived as a communication tool by the market to create space for cuts ahead. But the RBI will still stress on being ‘actively disinflationary’, and be on wait-and-watch mode for assessing multiple macro forces, economists said.
RBI MPC Live Updates: The RBI’s rate-setting panel is widely expected to keep the benchmark repo rate unchanged at 6.5% for the tenth straight meeting, with a view to balance inflation and economic growth. However, most economists estimate a change in policy stance of ‘withdrawal of accommodation’.
RBI MPC Live Updates: The three-day meeting of the six-member RBI Monetary Policy Committee (MPC) ends today and the RBI Governor Shaktikanta Das will announce the policy decision at 10:00 AM.
RBI MPC Live Updates: The fourth bi-monthly policy meeting for FY25 of the RBI’s Monetary Policy Committee (MPC) was conducted from October 7 to 9. This is the first RBI MPC meeting after three new external members appointed by the government on the six-member panel last week.
The Centre appointed Saugata Bhattacharya, an economist; Dr Nagesh Kumar, Director, Chief Executive of the Institute for Studies in Industrial Development; and Professor Ram Singh, Director of the Delhi School of Economics, University of Delhi. They join RBI Governor and MPC Chairperson Shaktikanta Das, Rajiv Ranjan, as Executive Director and Michael Debabrata Patra as deputy Governor.
RBI MPC Live Updates: The Reserve Bank of India (RBI) is set to announce its fourth bi-monthly monetary policy for FY25 today, October 9. The three-day meeting of the six-member RBI Monetary Policy Committee (MPC) ends today and the RBI Governor Shaktikanta Das will announce the policy decision at 10:00 AM.
