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RBI MPC Meeting: The results of the meeting of the Monetary Policy Committee of the Reserve Bank of India, ie every three months of MPC, have come. Governor Sanjay Malhotra has held a press conference with this.
RBI MPC Meeting: The results of the meeting of the Monetary Policy Committee of the Reserve Bank of India, ie every three months of MPC, have come. This meeting took place at a time when there is no talk on the trade agreement between India and the US. US President Donald Trump has announced a 25 percent tariff on India. In this meeting, many major indicators related to the Indian economy such as repo rate, GDP growth, CPI inflation and liquidity will be evaluated. Governor Sanjay Malhotra has a press conference with this. However, he has not cut the repo rate.
Did not cut
Explain that there has been no cut in the repo rate. The repo rate has been kept at 5.5 percent. This means that there will be no decrease in the EMI of the people who have taken the loan. This is because the bank loan rates come down only after reducing the repo rate of RBI, which also reduces EMI.
Inflation rate stable at 4 percent
Significantly, the RBI Governor in a press conference said that the core inflation is around 4%. At the same time, rural consumption is unstable. For FY 26, CPI i.e. retail inflation is expected to be 3.1%. However, retail inflation for FY 27 is estimated to be 4.9%.
These are expectations for GDP Growth
RBI Governor Sanjay Malhotra said that 6.5 per cent of real GDP growth for the current year is estimated, while real GDP growth for the next financial year may be 6.6%. He further said that geopolitical tensions have reduced, but due to tariffs there is pressure on business around the world.
Merchandise trade deficit increased
Announcing the results of RBI Governor Sanjay Malhotra RBI MPC meeting, the merchandise trade deficit has increased further in the first quarter. He further said that since the last MPC meeting, the system has been in liquidity surplus, which was an average of Rs 3 lakh crore per day. This is the opposite of liquidity of Rs 1.6 lakh crore per day during the last two months.
MPC’s timing is monitored
Significantly, this meeting is being held at this time when there is constant tension between India and America. US President Donald Trump is constantly showing an aggressive attitude for India. He has threatened to increase it after applying the tariff. Along with this, he has also threatened to impose high customs duty on oil purchases from Russia. In such an environment, the monetary policy of RBI remains an eye on the market and experts.
