Thursday, 8 August 2024

#RBI #Monetary #Policy #Highlights



Online investment link: https://bit.ly/3fyjEhC

*RBI Governor's Key Takeaways*

*Inflation: * -

CPI inflation seen at 4.4% in Q1 FY26
- CPI inflation seen at 4.3% in Q4 FY25
- CPI inflation seen at 4.7% in Q3 FY25 - FY25 CPI inflation view retained at 4.5%
- Inflation broadly on declining trajectory
- Food inflation remains "stubborn"
- Inflation base effect likely to reverse
- Want inflation to progressively align with target

*GDP: *

- Real GDP growth seen at 7.2% in Q1 FY26
- Real GDP growth seen at 7.1% in Q1, 7.2% in Q2 FY25
- FY25 real GDP growth view retained at 7.2%
- Domestic economic activity resilient
t - Manufacturing activity gaining ground
- Improving prospects of global trade to support export

*Current Account: *

- India's current account deficit to remain within sustainable levels in Q1 2024/25
- Current account deficit to remain "eminently manageable" in the current year *Monetary Policy: *
- RBI maintains repo rate unchanged at 6.50%
- Monetary policy must continue to be disinflationary
- MPC to remain focused on 'withdrawal of accommodation'
- Commitment on price stability will strengthen foundation for sustained growth *Other Key Points: *
- Domestic situation holding well due to good urban consumption
- Global economic outlook is steady but uneven expansion seen
- Without price stability, high growth cannot be sustained
- Softening in core inflation continues to be broad-based
- Likelihood of La Nina conditions in second half of monsoon will have bearing on agricultural production

Overall, there is no better time to start thinking about that path than today. Always take professional guidance before investing.
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Contact Mrinmoy Chakraborty(Insurance & Investment Consultant) Whatsapp:+919230630841 Email: moneymakingmc@gmail.com.. http://moneymakingaimsee.blogspot.in
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