RBI Monetary Policy 2024 Highlights: Reserve Bank of India (RBI) Governor Shaktikanta Das unveiled the first monetary policy of the 2024-25 financial year. Following a two-day review by the Monetary Policy Committee (MPC), starting on April 3 and concluding on April 5, the RBI opted to retain the key policy repo rate at 6.5%, marking the seventh consecutive hold. Chaired by Governor Das, the six-member MPC also affirmed the policy stance as ‘withdrawal of accommodation’. Notably, the RBI has forecasted India’s real GDP growth rate for FY25 at 7%, while projecting CPI inflation for the same period to stand at 4.5%.
RBI Governor Shaktikanta Das has unveiled the inaugural monetary policy for FY25, outlining crucial highlights of the April policy.