RBI Monetary Policy 2024: 10 Key Highlights From Governor's Speech

Moneycontrol News | June 7, 2024

Repo rate remains at 6.5 percent unchanged since the last hike in February 2023.

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RBI remains committed for aligning inflation to 4 percent on a durable basis.

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RBI projects real GDP growth at 7.2 percent for FY25

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RBI projects CPI inflation at 4.5 percent for FY25.

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RBI to remain nimble and flexible in liquidity operations.

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Monetary policy has greater elbow room to pursue price stability.

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Gross Foreign Direct Investment remains robust but net FDI moderated in FY24.

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RBI raises threshold of bulk deposit in banks to Rs 3 crore from Rs 2 crore earlier.

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RBI proposes to rationalise FEMA guidelines related to export-import of goods and services.

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RBI propose setting up of a digital payments intelligence platform for real-time data sharing across the system.

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