RBI Governor Shaktikanta Das states elevated rates aren't hindering growth, citing strong economic activity and robust investment intentions.

Reserve Bank of India Governor Shaktikanta Das estimated real GDP for 2024-25 to be 7.2 per cent. He projected real GDP for 2024-25 Q2 at 7 per cent, Q3 at 7.4 per cent, and Q4 at 7.4 per cent in the 51st meeting of the MPC.

After opting for a status quo for the tenth consecutive policy review, Governor Shaktikanta Das on Wednesday said Reserve Bank's elevated rates are not impinging on growth. He pointed to the strong economic activity over the last 18 months since the RBI has opted for the status quo to back up his claim.

Banking Financial Companies (NBFCs) are aggressively pursuing growth without proper administration, said Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the decisions during the bi-monthly Monetary Policy Committee (MPC) on Wednesday.

The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.

The central bank has kept the repo or short-term lending rate unchanged at 6.5 percent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

RBI Governor Shaktikanta Das is set to announce the bi-monthly MPC meeting outcomes, likely maintaining repo rate at 6.5%. Despite US rate cuts, RBI ties future cuts to domestic inflation hitting a 4% target.