RBI MPC assembly stay updates: Shaktikanta Das will announce the financial coverage committee’s (MPC) resolution on the repo charge at 10am right now.
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RBI MPC assembly stay updates: The RBI’s December 2024 financial coverage has to sort out each rising inflation in addition to slowing down GDP development
RBI MPC assembly stay updates: Reserve Financial institution of India (RBI) Governor Shaktikanta Das greets throughout a press convention after the Financial Coverage Committee assembly at RBI headquarters in Mumbai, India. This will even be the ultimate MPC with Governor Das on the helm as his time period ends this month
RBI MPC assembly stay updates: RBI governor Shaktikanta Das will announce the financial coverage committee’s (MPC) resolution on the repo charge at 10am on Friday, December 6. India’s inflation surged to six.2% in October 2024, breaching the RBI’s tolerance restrict and gross home product (GDP) development slowed down to five.4% for the July-September quarter….Learn Extra
On the earlier MPC assembly in October 2024, the RBI determined to maintain the repo charge unchanged at 6.5%.
It could even be the ultimate MPC with Governor Das on the helm as his time period ends this month. Nonetheless, it’s unknown if he’ll proceed in workplace or not since he received an extension in 2021 after being appointed in December 2018.
Observe all of the updates right here:
Dec 6, 2024 9:16 AM IST
RBI MPC assembly stay updates: Lengthy-duration funds together with gilt funds are vulnerable to rate of interest modifications
RBI MPC assembly stay updates: Kirang Gandhi, Private Monetary Mentor mentioned, “As the market braces for an anticipated rate cut by the RBI, it presents a prime opportunity for investors to adjust their debt portfolios accordingly. Long-duration funds, including gilt funds, are susceptible to interest rate changes and typically see a significant rise in NAV when bond yields decline.
A 50-75 bps rally is predicted and thus, it may be better to shift toward these funds for those looking to maximize returns. For investors anticipating a low-interest-rate environment in 2025, gradually increasing allocations to long-duration funds could be a strategic move now.”
Dec 6, 2024 9:12 AM IST
RBI MPC assembly stay updates: Agriculture sector’s rebound to bolster rural economic system and increase personal consumption amid GDP slowdown
RBI MPC assembly stay updates: Suman Chowdhury, Government Director & Chief Economist, at Acuitè Scores mentioned, “India’s economic growth has shown clear signs of strain. The Q2FY25 GDP growth rate slumped to 5.4%, a sharp deviation from the projected 6.5% and marking the slowest growth in seven quarters.
However, there are also reasons to be optimistic on other fronts. The agricultural sector, which had been sluggish in the previous fiscal year, has started to rebound amidst a favourable monsoon. The sector grew by 3.5% in Q2FY25, offering a much-needed lifeline for rural India. This sector’s recovery is expected to bolster the rural economy in the current fiscal, providing a boost to private consumption.
In lieu of the latest print, we have downgraded our growth forecasts to 6.4% for FY25. We will await RBI’s commentary on the growth scenario given its earlier optimism; it continued to peg its growth forecast for FY25 at 7.2% till Oct-24; the extent of the downward growth revision will be an important indicator of the speed of transition from hawkishness to dovishness.”
Dec 6, 2024 8:55 AM IST
RBI MPC assembly stay updates: What was the RBI MPC’s earlier repo charge resolution?
RBI MPC assembly stay updates: On the earlier MPC assembly in October 2024, the RBI determined to maintain the repo charge unchanged at 6.5%.
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Dec 6, 2024 8:54 AM IST
RBI MPC assembly stay updates: December 2024 financial coverage to sort out each rising inflation and slowing GDP development
RBI MPC assembly stay updates: India’s inflation surged to six.2% in October 2024, breaching the RBI’s tolerance restrict and gross home product (GDP) development slowed down to five.4% for the July-September quarter, making the December 2024 financial coverage having to contemplate each of those components.
Dec 6, 2024 8:53 AM IST
RBI MPC assembly stay updates: Presumably the ultimate MPC assembly headed by RBI Governor Shaktikanta Das
RBI MPC assembly stay updates: This can be the ultimate MPC with Governor Shaktikanta Das on the helm as his time period ends this month. Nonetheless, it’s unknown if he’ll proceed in workplace or not since he received an extension in 2021 after being appointed in December 2018.
Dec 6, 2024 8:47 AM IST
RBI MPC assembly stay updates: When will RBI governor Shaktikanta Das announce the MPC’s resolution?
RBI MPC assembly stay updates: RBI governor Shaktikanta Das will announce the financial coverage committee’s (MPC) resolution on the repo charge at 10 am on Friday, December 6.