RBI Keeps Repo Rate Unchanged For 7th Time In Row

NEW DELHI: Reserve Bank of India’s Monetary Policy Committee kept repo rate unchanged for 7th time in a row.

RBI Governor Shaktikanta Das today, April 5 announced the Monetary Policy statement and kept the Repo rate at 6.5%.

He said, in the current Financial Year Real GDP rate is expected at 7 per cent while CPI inflation is at 4.5 per cent.

Mr. Das said India’s foreign exchange reserves reached an all-time high of $ 645.6 Billion as of March 29, 2024. Global trade is expected to improve in 2024 but remains below average, he added.

On the domestic front Governor said that demand is increasing in rural areas, the unorganized sector is improving and investment is increasing.

About the international scenario he said, Geopolitical conditions and high levels of public debt in emerging economies are of great concern

Related Business News

LPG Crisis Deepens Amid War; Opposition Targets Government Over Black Marketing

NEW DELHI: As the US-Israel-Iran conflict enters its fourth week, the deepening energy crisis is severely affecting households across the country, leading to a growing shortage of cooking gas. Complaints about LPG shortages and rising black marketing have intensified political confrontations an....

Gold prices surge again, silver becomes over Rs10,000 more expensive

BHUBANESWAR: On Wednesday, a sharp rise was seen in the prices of gold and silver. As a result, the price of 24-carat gold reached over ?1.46 lakh per 10 grams, while the price of silver crossed ?2.34 lakh per kg. According to the India Bullion Jewellers Association (IBJA), the price of 24-car....

Global Financial Markets: Sensex Plunges 1,836 Points, Investors Lose 13.65 Lakh Crore

Amid escalating tensions in West Asia, the Indian stock market closed with sharp declines on the first trading day of the week, Monday. The benchmark indices — Nifty50 and Sensex — fell more than 2 percent each, driven by the intensifying US-Iran conflict. At market close, the 30-s....

Gold becomes cheaper by more than ?11,000 in one week, silver prices also drop

(Fast Mail):-- Gold and silver price witnessed a significant decline this week, making gold and silver cheaper by more than ?11,000 and ?28,000 respectively. According to the India Bullion and Jewellers Association (IBJA), the price of gold fell by ?11,181 over the past week to ?1,47,218....

'This Time, the Rupee Crosses 100': Sanjay Raut Says Modi and Shah Are Busy Plotting 'Game' in Bengal

(Fast Mail):-- Political rhetoric regarding the Indian rupee's continuous depreciation has intensified. Targeting the Central Government, Sanjay Raut—a Member of Parliament from the Shiv Sena (Uddhav Thackeray faction)—stated that the rupee's weakness is a grave issue linked to the....