GJ Town India

  Strong domestic & improved India’s export competitiveness   Vijay Singh Gour, Research Analyst, Mirae Asset Sharekhan said in a statement, “In the latest Monetary Policy Update, the Reserve Bank of India (RBI) signaled a commitment to stability and resilient domestic momentum by opting to maintain the status quo on key policy rates and retaining its neutral stance, keeping the Repo Rate at 5.5%.    Reflecting persistent economic strength, the RBI has delivered a significant boost to the growth outlook, revising the FY26 GDP growth forecast upward to 6.8% from the prior 6.5%. This optimism is coupled with a substantially improved inflation forecast, which has been revised downward from 3.1% to a benign 2.6% for the year, largely due to easing food prices.    The Monetary Policy Committee (MPC) assessed that current front-loaded policy actions are materializing and will continue to monitor the impact, signaling a cautious, data-driven path ahead despite...

The MPC decided to reduce the policy repo rate by 25 basis points   The Monetary Policy Committee (MPC) met on 5th, 6th and 7th of this month. The Governor’s Statement after the MPC meeting contains not only the resolution of the MPC with regard to the policy rate and stance but also other announcements and measures, which have a bearing on the monetary and regulatory policies.   In this backdrop, the MPC, after a detailed assessment of the evolving macroeconomic and financial developments and the economic outlook, decided unanimously to reduce the policy repo rate by 25 basis points from 6.50 per cent to 6.25 per cent. Consequently, the standing deposit facility (SDF) rate shall be 6.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate shall be 6.50 per cent.  The MPC also decided unanimously to continue with the neutral stance and remain unambiguously focussed on a durable alignment of inflation with the target, while supporting growth. RB...