RBI Monetary Policy: 10 key points to know

CNBC TV18 By Priyanka Deshpande Published Feb 8, 2024

[{"selector":"#anim-fe9a124e-271e-4c6a-8046-a20f4881795f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a1c98299-b890-4c72-b5b5-97b04f277940","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Reserve Bank of India (RBI) on Feb 8 delivered its decision on repo rate, policy outlook, and projections for inflation and economic growth for the year 2024. Here are some key highlights from the policy.

#1

[{"selector":"#anim-bba2c397-0f90-4f5d-ad4b-8f0f4065fa0c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.167561615397545%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] RBI maintains status quo for sixth consecutive time, keeps repo rate at 6.50% Image: Shutterstock

#2

[{"selector":"#anim-0c38d096-5caf-4f2f-b942-2464148e504c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-9.469696969696981%, 22.72727272727273%) scale(1.4545454545454546)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] RBI maintains stance of 'Withdrawal of Accommodation'

#3

[{"selector":"#anim-edaaaf53-278a-4e59-be30-983a3f195336 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(6.8413083440338625%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] FY25 real GDP growth projected at 7% Read More

#4

[{"selector":"#anim-12697677-ac10-4dba-8561-28ca2d93b036 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.269577272886288%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] FY24 inflation projection unchanged at 5.4%

#5

[{"selector":"#anim-d06db5be-d66f-44ab-99ba-d9c6b21947e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.828979246424453%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] FY25 CPI inflation seen at 4.5% Image: Shutterstock Read More

#6

[{"selector":"#anim-165dfb47-8dbb-4664-a85e-6a322921c4d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.4960983773967342%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] MPC will remain resolute in bringing CPI to 4% target Image: Shutterstock

#7

[{"selector":"#anim-4ab55fba-bfbd-45e1-83af-e71cbb5d1fc1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Credit Market monetary policy transmission still incomplete

#8

[{"selector":"#anim-77336e2d-0423-4de7-9efd-17814d0b0459 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-10.185810895701621%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Long-term rates remain stable, short-term volatile

#9

[{"selector":"#anim-be7ee493-84cf-48c7-8780-6e39cd724a15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.22478679633273%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Policy stance in view of incomplete transmission of rates

#10

[{"selector":"#anim-8bfbf644-955a-4881-ac24-c4df308cab23 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] To deploy appropriate mix of tools to modulate liquidity

Paytm saga: RBI says ‘it’s a supervisory action, restrictions proportionate to gravity of situation’

[{"selector":"#anim-aeac17bd-188d-4e71-acae-b571e72a29c2","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Read More