RBI Keeps Policy Interest Rates Unchanged: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The Monetary Policy Committee of the Reserve Bank of India kept the repo rate unchanged at 6.5% in its fifth meeting for FY24. This decision marks the fifth consecutive meeting wherein the RBI has unanimously voted to keep the repo rate unchanged on the back of substantial moderation in Consumer Price Index inflation observed in October 2023. The MPC also decided by a majority (of five out of six members) to stay focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth.CPI inflation moderated significantly to 4.9% in Oct-23 from 7.4% in July 2023, led by broad-based easing in all the components of CPI- food, fuel, and core. Core inflation was at a 43-month low of 4.5% in Oct-23, supported by policy rate increases and reduction in cost-push pressures across core goods and services. However, the Governor sounded a bit cautious on the food inflation front. He mentioned that there are upside risks to food inflation which might lead to an inflation uptick in Nov-23 and Dec-23. He further emphasised that the target of 4% CPI is yet to be reached. Inflation projection for FY24 has been maintained at 5.4% (Q3/Q4 at 5.6%/5.2%). Inflation for FY25 is expected to average 4.6% in the first three quarters of the fiscal (Q1/Q2/Q3 at 5.2%/4%/4.7%)..Click on the attachment to read the full report:.RBI Monetary Policy Review - Discordant Messaging Presages Off-Policy Actions: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI Keeps Policy Interest Rates Unchanged: Motilal Oswal

Real GDP growth forecast for FY24 increased to 7% from 6.5%

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RBI Keeps Policy Interest Rates Unchanged: Motilal Oswal

Real GDP growth forecast for FY24 increased to 7% from 6.5%

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