Status quo for the 7th time? RBI MPC may not let rains ruin repo rate, stance this time around

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Key Points

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) is likely to keep the repo rate unchanged at 6.5 per cent with stance focussing on withdrawal of accommodation, according to several economists...

If RBI doesn't tinker with the rates, the key lending rate will be kept unchanged for the seventh consecutive time by the central bank committee...

In the upcoming RBI policy meeting on Friday, we expect the central bank to keep its policy rate unchanged at 6.5 per cent, HDFC Bank said in its report on MPC expectations..

Referring to the concept of "Goldilocks" ideal state of stable economic growth, Barclays economists, as reported by Reuters, emphasised the need for the RBI to balance risks between over-tightening and maintaining conditions for achieving robust real GDP growth, potentially around 7.0 percent...

Inflation projection for FY25 at 4.5 per cent.RBI left its inflation forecast for this fiscal year unchanged at 5.4 per cent.Q3FY24 and Q4FY24 GDP growth rates pegged at 6.5 per cent and 6.0 per cent respectively.Real.

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