Investment Insights
RBI Monetary Policy Review - August 2024
Table of Contents
Please see the RBI's Monetary Policy Review August 2024.
Key Highlights:
The MPC decided to keep the policy repo rate unchanged at 6.50% by 4:2 majority.
The inflation forecast for FY’25 is 4.5%, same as previous policy guidance.
For FY’25, the GDP forecast remains the same at 7.2%. However, estimate for Q1 FY’25 revised lower to 7.1%
Last mile of disinflation may be difficult amid food inflation.
Outlook:
A favourable demand supply scenario may continue to aid downtick in yields especially in the mid to longer end of the duration curve.
