RBI did not change the repo rate, loan EMI will remain stable

A new monetary policy has been announced by RBI Governor Shaktikanta Das on Friday. On behalf of Das, the repo rate has been kept at 6.5 percent. This is the seventh time that RBI has not made any change in the repo rate. Last time the repo rate was increased by 0.25 percent in February.

Let us tell you, the RBI MPC meeting to review the interest rates was held between April 3 and April 5, in which 5 out of 6 MPC members, on the basis of majority, decided not to change the interest rates. RBI Governor said that MPC has maintained the withdrawal of accommodation stance regarding monetary policy. Inflation is decreasing and the condition of the economy has not strengthened. Apart from the repo rate, no changes have been made in SDF and MSF. These have been kept unchanged at 6.25 percent and 6.75 percent.

Real GDP growth expected to remain at 7 percent
Meanwhile, RBI Governor Shaktikanta Das said that the real GDP growth for the financial year 2023-24 is estimated to be 7.6 percent. Also told that the reason for strong GDP is the strong manufacturing and service sectors. The PMI has been above 60 in February and March, the highest level in 16 years.

At the same time, real GDP growth is expected to remain at 7 percent. Earlier it was 6.9 percent. The Governor said that consumption remains strong in rural as well as urban areas. Inflation may come down due to bumper production in Rabi season. However, due to global challenges and higher than normal temperatures, there will definitely be some challenges.

Inflation rate is expected to be 4.5 percent in 2025
The inflation rate in fiscal year 2025 is estimated to be 4.5 percent. Inflation rate may be 4.9 percent in the first quarter of the current financial year. At the same time, it is expected to be 3.8 percent in the second quarter, 4.6 percent in the third quarter and 4.5 percent in the fourth quarter.