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RBI on Inflation: Central bank RBI has not made any change in the repo rate for the tenth consecutive time. Regarding inflation, RBI Governor Shaktikanta Das says that inflation will be 4.5 percent in the financial year 2025. He also said that the recent rise in metal and metal prices, if it continues, risks causing the ongoing consumer price index to fall. The RBI Governor believes that the inflation rate may be 4.1 percent in the September 2024 quarter, 4.8 percent in the December 2024 quarter, 4.2 percent in the March 2025 quarter and 4.3 percent in the June 2025 quarter. RBI has set a target of keeping inflation in the range of 2-4 percent.
No change in repo rate for the 10th consecutive time
The US Fed had cut the benchmark interest rates by 0.50 percent, so there were speculations that the RBI would also do the same? Now today it has been decided that there will be no change in the report. RBI has kept it stable for the tenth consecutive time. It is unchanged at 6.5 percent.
What is the prediction regarding GDP growth?
The RBI Governor estimates that GDP will grow at a rate of 7.2 percent in this financial year 2025. GDP is expected to grow at the rate of 7.2 percent in the second quarter i.e. September quarter, 7.4 percent in the third quarter i.e. October-December 2024, 7.4 percent in the March 2025 quarter and 7.3 percent in the coming first quarter. Financial year 2025-26 i.e. April-June 2025. Has been established. As far as core industries are concerned, the beginning of the current financial year has not been anything special. The production of 8 major industries fell by 1.8 percent in the first quarter of the financial year 2024-25, April-June 2024.