RBI Monetary Policy 5th April 2024: Key Highlights

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the first monetary policy of the financial year 2024-25. The two-day review meeting of the RBI’s Monetary Policy Committee (MPC), the rate-setting panel, commenced on April 3 and concluded today, April 5. The RBI decided to keep the key policy repo rate unchanged at 6.5% for the seventh consecutive time. The six-member MPC headed by Governor Das also decided to maintain the policy stance at ‘withdrawal of accommodation’.

Statement on Developmental and Regulatory Policies

RBI Governot has announced several additional regulatory measures through Statement on Developmental and Regulatory Policies.

RBI’s Bi-Monthly Monetary Policy Dt. 8th February 2024 – Key Highlights

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept repo rates unchanged at 6.5 percent. It has also decided to remain focused on the withdrawal of the accommodative stance, Governor Shaktikanta Das said. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024.

RBI’s Bi-Monthly Review Meeting 6th October 2023 – Key Highlights

The Monetary Policy Committee (MPC)—chaired by Reserve Bank of India (RBI) Governor Shaktikanta Das—decided unanimously to keep the repo rate unchanged at the existing 6.5 per cent at the end of its three-day, bi-monthly deliberations on October 6

Portfolios of Deputy Governors

Consequent on the appointment of Shri Swaminathan Janakiraman as Deputy Governor, the following will be the portfolios of the Deputy Governors with effect from June 26, 2023:

RBI’s Financial Stability Report, June 2023 – Highlights

Financial Stability Report (FSR), reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system. RBI released the FSR on 28th June 2023

RBI’s Bi-Monthly Monetary Policy Review 8th June 2023 – Highlights and Key Takeaways

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday the 8th June 2023, kept the policy repo rate unchanged at 6.5 per cent in a unanimous decision. Governor Shaktikanta Das, while announcing the MPC decision, said that the central bank has retained the withdrawal-of-accommodation stance. This was second time in a row that the RBI opted for a pause in rate hike. The central bank has retained growth projection at 6.5 per cent for FY24, expects 8 per cent growth in Q1, 6.5 per cent in Q2, 6 per cent in Q3, while 5.7 per cent in Q4. “Domestic demand condition remains supportive of growth, while rural demand on revival path,” the governor said.

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender

THE RESERVE Bank of India (RBI) announced the withdrawal of its highest value currency note, Rs 2,000, from circulation, adding that the notes will continue to be legal tender. It said the existing Rs 2,000 notes can be deposited or exchanged in banks until September 30, but set a limit of “Rs 20,000 at a time”.

RBI’s Bi-Monthly Monetary Policy Review dt 8th February 2023 – Key Highlights

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent. Wednesday’s MPC meeting is the last one for this fiscal. The repo rate is the rate at which the RBI lends to the banks.

RBI Bulletin – January 2023

The Reserve Bank of India released the January 2023 issue of its monthly Bulletin. The Bulletin includes three speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Productivity Growth in India: An Empirical Assessment; III. What Drives Start-up Fundraising in India? IV. Open Market Operations in India – An Appraisal; and V. Supply of Banking Services and Credit Offtake: Evidence from Aspirational District Programme in the Eastern Area.