RBI Monetary Policy 2024: Repo rate steady, growth projection raised

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published June 07, 2024 Published June 07, 2024

Repo Rate Steady

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Inflation Control

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Growth Projection

[{"selector":"#anim-f741163d-494d-4b23-9f9d-bf4f701cbeb6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-108d07a3-abdb-41eb-a6fc-f649b95023af","keyframes":{"transform":["translate3d(0px, -1393.22581%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The growth forecast for FY25 has been increased from 7% to 7.2%.

Food Inflation

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Account Deficit

[{"selector":"#anim-0c9cd2f8-6015-402d-88a1-11dca4c25f86","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7704c362-3083-4d22-940e-9f34bb555434","keyframes":{"transform":["translate3d(0px, -1393.22581%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The current account deficit for FY25 is expected to stay within sustainable levels.

Forex Reserves

[{"selector":"#anim-d21611ea-28c5-44f8-8e84-fad5124715b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34f786c7-3fbd-4c2e-bfe6-413c39ece9a8","keyframes":{"transform":["translate3d(0px, -1393.22581%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Foreign exchange reserves reached a new high of $651.5 billion as of May 31, 2024.

Deposit Threshold

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FEMA Regulations

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Digital Payments

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E-Mandate Framework

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Next Announcement

[{"selector":"#anim-2f0fcf8f-b031-4b0a-9fe9-754202001a73","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-576a4d0f-0b73-45aa-bff7-40572a4b486e","keyframes":{"transform":["translate3d(0px, -1393.22581%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The next monetary policy announcement will be on August 8.

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