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SBI Predicts Another RBI Rate Cut by April If Inflation Remains Favourable The State Bank of India (SBI) has projected that the Reserve Bank of India (RBI) may announce another rate cut as early as April 2025 , provided inflation continues to move in a favourable direction. This statement aligns with the RBI’s commitment to long-term price stability and sustained economic growth . According to SBI Research , the Monetary Policy Committee (MPC) has been closely monitoring inflation trends, especially food inflation , which remains a key concern. Despite positive indicators such as strong kharif production and easing vegetable prices , risks from adverse weather conditions persist. RBI’s Inflation Forecast and Policy Outlook 📉 The RBI has retained its FY25 inflation forecast at 4.8% , with Q4 inflation projected at 4.4% . 📉 For FY26, Consumer Price Index (CPI) inflation is estimated at 4.2% , signaling optimism for price stability. The MPC recently lowered the repo rate by 25 bas...

India’s Economic Growth Projection for 2024-25: Navigating Challenges Amid Uncertainty The Indian economy, one of the fastest-growing major economies globally, is expected to grow at 6.5-6.8% in the fiscal year 2024-25 , according to Deloitte India’s latest Economic Outlook. Despite optimism, several internal and external factors continue to shape the economic landscape. Revised Growth Projections: A Cautious Approach Deloitte’s adjustment of the GDP growth projection underscores the need for caution amidst rising global trade and investment uncertainties. Q2 2024-25 GDP Growth : Recorded at 5.4% year-on-year , falling below market expectations. Revised Forecasts : The RBI lowered its growth forecast to 6.6% , while the NSO estimates 6.4% for the current fiscal. Future Growth : Deloitte projects growth in 2025-26 to range between 6.7-7.3% , reflecting cautious optimism. Key Factors Influencing Economic Growth Election and Weather-Related Disruptions The election uncertai...

RBI Governor Shaktikanta Das Announce Monetary Policy: Repo Rate Unchanged at 6.5% In a crucial announcement on Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das revealed that the Monetary Policy Committee (MPC) has decided to keep the policy repo rate steady at 6.5 per cent. This decision comes as retail inflation continues to hover above the central bank's target of 4 per cent, amid ongoing economic uncertainties both domestically and globally. Decision Details The MPC's decision was made by a majority, with four out of six members voting to maintain the current repo rate. As a result: - The Standing Deposit Facility (SDF) rate remains at 6.25 per cent. - The Marginal Standing Facility (MSF) rate and the bank rate are steady at 6.75 per cent. Governor's Emphasis on Balanced Monetary Policy Governor Das, in his post-policy press conference, underscored the importance of a balanced approach in monetary policy. He reiterated the MPC's commitment to graduall...