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RBI MPC Result: RBI has not made any change in the rates. Talking about the outcome of the RBI MPC meeting, RBI Governor Shaktikanta Das said that RBI has kept the repo rate at 6.50%. The Framework on Inflation has completed 8 years. This framework will help guide the committee's approach and decisions. Despite global fluctuations, balanced decisions have been taken. Inflationary pressures have been better managed. RBI has changed its stand. RBI has changed its stance to neutral.
RBI Governor Shaktikanta Das further said that the real GDP growth estimate for FY 2025 has been retained at 7.2 percent. At the same time, the GDP estimate for the second quarter of financial year 2025 has been reduced from 7.2 percent to 7 percent. Whereas the GDP estimate for the third quarter of financial year 2025 has been increased from 7.3 percent to 7.4 percent. Similarly, the GDP estimate for the fourth quarter of financial year 2025 has been increased from 7.2 percent to 7.4 percent. At the same time, the real GDP estimate for the first quarter of financial year 2026 has been increased from 7.2 percent to 7.3 percent.
RBI has adopted a neutral stance on housing retreat. RBI Governor said that retail inflation rate is on target of 4 percent. Inflation figures may increase in September. Current macro-economic parameters are balanced. A jump in September CPI is possible due to base effect. FY25 retail inflation estimate remains unchanged at 4.5%. Q3FY25 retail inflation estimate has been raised to 4.8% from 4.7%. Q4FY25 retail inflation estimate has been reduced to 4.2% from 4.3%. At the same time, the retail inflation estimate for Q1FY26 has been reduced from 4.4% to 4.3%. Rising prices of food items and metals can increase inflation. Inflation risks due to global crisis and adverse weather.
The fluctuations in rupee are less compared to other currencies. The position of banking and NBFCs in the country is strong. Recently, challenges have emerged from some unsecured loans. NBFCs have performed well in the last few years. Lenders will have to be strict on regulations and supervision. NBFCs will have to review the existing package. There will be no hesitation in taking action against NBFCs if necessary. Some NBFCs, MFIs, HFCs are behind higher returns. There should be no prepayment charges on floating rate loans. This is a big decision of RBI on floating loans of NBFCs.
The RBI government said that foreign exchange reserves in the country have reached a record high. Foreign exchange reserves have crossed 70,000 crore dollars. FDI inflow has improved in July, August.