By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo – World News Network
Business

MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo – World News Network

worldnewsnetwork
Last updated: April 4, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

Mumba (Maharashtra) [India], April 3 (ANI): As FY25 first Monetary Policy Committee (MPC) meeting begins, it seems the Reserve Bank of India is unlikely to cut rates.
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
The MPC had maintained the status quo on policy rates and stance in its last review which was held in February 2024.
The decision however was not unanimous and one member has recommended a rate cut of 25 basis points and policy change stand to neutral.
Since the last policy, rating agencies have revised India’s growth forecast upwards. Finance Minister Nirmala Sitharaman, said on Saturday that India will grow over 8 per cent in FY24.
Inflation has dropped and under the range of RBO comfort zone, CPI inflation was 5.1 per cent in February 2024 from over 5.5 per cent in December 2023.
The core CPI inflation excluding food and beverages was at a low of 3.5 per cent in February 2024.
However, food inflation at above 7 per cent was a concern, but with a recent cut in the prices of petrol, diesel and LPG inflation is likely to further fall in March and may come below 5 per cent.
India Meteorological department (IMD) recent announcement of above-normal temperatures during April-June, this may be a concern for Inflation of vegetable, fruits and other perishable items.
Also prices of rice, pulses have shown an upward trend on prices may be a concern for the MPC while taking a decision. However, softening prices of non-food items will give some relief to MPC.
Generally normal monsoon follows above normal temperatures, presuming that the average CPI inflation is likely to be in the RBI’s comfort zone of 4-6 per cent in FY25.
Experts believe that RBI is unlikely to change its policy stance before the August 2024 MPC review and any rate cut is unlikely before that.
The US Fed has also recently indicated that they are not in a hurry to cut rates. All these suggest that the RBI too is unlikely to go for a rate cut before the October 2024 policy. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Trump’s order on 50% tariffs for Indian imports now in force – World News Network

India’s medium-term IT sector outlook cautiously optimistic despite headwinds: Report – World News Network

India’s huge domestic consumption can offset export losses to US: GTRI – World News Network

Aurora Tech Award 2026: Open Call for Bold Women Tech Founders – World News Network

Beyond Dating Apps: Gurgaon Startup StepOut Redefines How Strangers Connect – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article UAE: Occupational Radiation Monitoring Laboratory at Emirates Health Services obtains ISO Certificate – World News Network
Next Article Hero MotoCorp gets tax and interest notice from Income Tax department – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

PIL in Delhi HC challenges private schools over costly books, notices issued to GNCTD, CBSE, NCERT – World News Network
National 23 hours ago
“National surrender”: Congress MP Manickam Tagore slams Centre over Trump tariffs – World News Network
National 23 hours ago
“Jaandaar, shaandaar aur ekta wali”: Bihar Congress chief Rajesh Kumar on ‘Voter Adhikar Yatra’ – World News Network
National 23 hours ago
Ananya Panday, Sara Ali Khan, Bhumi Pednekar welcome Ganpati Bappa in their own style, share glimpse – World News Network
Entertainment 23 hours ago

Sports

WCL 2025 retains title as world’s second most watched cricket league, soaring to 409M viewers with 20% growth despite no India-Pak clash – World News Network
Sports
Australia’s Head, Marsh, Green gain in ODI batting rankings post South Africa series – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Early talks begin for ‘KPop Demon Hunters’ sequel as film becomes Netflix’s most-watched – World News Network
Entertainment
Neil Nitin Mukesh, Sonu Sood offer glimpse into their Ganesh Chaturthi celebrations – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?