RBI Monetary Policy Major Updates 2024

RBI to launch mobile app for investing in govt securities

Cash deposit facilities will be provided through UPI.

[{"selector":"#anim-5c960ca3-c19c-4886-a9c5-1db353960e93 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.45933704878676807%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Cash can be deposited in ATMs through UPI.

[{"selector":"#anim-609db02e-771a-4102-a004-d49fc827f030 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.45933704878676807%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

RBI has not made any changes in the interest rates.

[{"selector":"#anim-57a0a39c-f46b-4786-a7c5-f4b4365055ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.45933704878676807%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

India’s forex reserves at $645.6 billion as of March 29.

[{"selector":"#anim-26d04a5e-e791-41ad-aaa1-0123e1c1db07 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.45933704878676807%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Repo rate- 6.5% (Unchanged)

[{"selector":"#anim-3b296bcc-b7cc-4dc5-b5fc-d4b891c65bfa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.8474111129762605e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Inflation- Retail inflation to average 4.5% this fiscal, lower than 5.4% in FY24

[{"selector":"#anim-ff4fe83f-47b4-4925-9bf9-86c11939af4c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.8474111129762605e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

GDP growth- For 2024-25 retained at 7%, lower than 7.6% last fiscal

[{"selector":"#anim-537b9bc0-4101-42bb-8b0f-4f73c87eb6d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.45933704878676807%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]