The interest rate announced by the Reserve Bank of India at the beginning of every month is an important topic for everyone from the Bombay Stock Exchange to ordinary borrowers. Whether the RBI decides to cut interest rates or increase interest rates, it has a positive or negative impact on the market. On the other hand, market developments have an impact on the RBI's monetary policy. Recently, RBI Governor Shaktikanta Das announced a hike in repo rate.
What did the widower say?
RBI Governor Shaktikanta Das was the chief guest at the Future of Finance Forum 2024. He also spoke about India's inflation and interest rate policy. . It is now in the 2-6% range. Our target is to bring down the inflation rate to 4 per cent.
We are refraining from taking any decision under the pressure of sudden positive decline or sudden rise in inflation numbers, "he said.
It's been like this for the last 18 months!
Meanwhile, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the repo rate has been kept unchanged. The RBI has not revised rates in the last 18 months. Economists are of the view that the RBI is unlikely to make any changes in interest rates till the last quarter of this financial year.
During the Corona period, the country's economy was affected as much as the world economy. However, since then, the Indian economy has grown rapidly and maintained an average GDP growth of 8 per cent between 2021 and 2024. The RBI has projected a growth rate of 7.2 per cent for 2024-25.