FOREX TradingCharts.com

Financial News: India Keeps Key Interest Rates Unchanged

India Keeps Key Interest Rates Unchanged

04/05/2024 - 01:42:00 (RTTNews)

(RTTNews) - India's central bank decided to retain its key interest rates on Friday, as inflation is on a declining trajectory.

The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 5-1 to leave the repo rate unchanged at 6.50 percent.

The RBI has raised the key rate by 250 basis points since May 2022 to contain inflationary pressures.

The committee also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.

The central bank forecast real GDP growth for 2024-25 at 7.0 percent, unchanged from the prior projection.

Likewise, the bank retained its inflation outlook for 2024-25 at 4.5 percent assuming a normal monsoon.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Inflation Data Due On Friday (50 min(s), 24 sec(s) ago)
(RTTNews) - Japan will on Monday release April figures for consumer prices, highlighting a modest ...Full Story»

Eurozone Consumer Pessimism Ebbs, Wage Growth Damp Hopes Of ECB Easing Beyond June Rate Cut (05 hr(s), 34 min(s), 24 sec(s) ago)
(RTTNews) - Consumer confidence in the euro area strengthened in May to its highest level since ea ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (07 hr(s), 02 min(s), 24 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

Belgium Consumer Confidence Remains Negative (07 hr(s), 59 min(s), 24 sec(s) ago)
(RTTNews) - Belgian consumer confidence weakened further and remained negative for the fifth strai ...Full Story»

Mexico GDP Growth Slows As Estimated (08 hr(s), 23 min(s), 24 sec(s) ago)
(RTTNews) - The Mexican economy expanded as initially estimated in the March quarter, the latest d ...Full Story»

U.S. New Home Sales Pull Back Much More Than Expected In April (08 hr(s), 32 min(s), 24 sec(s) ago)
(RTTNews) - After reporting a sharp increase in new home sales in the U.S. in the previous month, ...Full Story»

U.S. Jobless Claims Decrease More Than Expected To 215,000 (08 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

Turkey Central Bank Holds Key Rate At 50% (09 hr(s), 10 min(s), 24 sec(s) ago)
(RTTNews) - Turkey's central bank decided to leave its benchmark rate unchanged on Thursday, a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Inflation Data Due On Friday

05/23/2024 - 18:03 PM (RTTNews)
(RTTNews) - Japan will on Monday release April figures for consumer prices, highlighting a modest ...Full Story>>

Eurozone Consumer Pessimism Ebbs, Wage Growth Damp Hopes Of ECB Easing Beyond June Rate Cut

05/23/2024 - 13:19 PM (RTTNews)
(RTTNews) - Consumer confidence in the euro area strengthened in May to its highest level since ea ...Full Story>>

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions

05/23/2024 - 11:51 AM (RTTNews)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story>>

Belgium Consumer Confidence Remains Negative

05/23/2024 - 10:54 AM (RTTNews)
(RTTNews) - Belgian consumer confidence weakened further and remained negative for the fifth strai ...Full Story>>

Mexico GDP Growth Slows As Estimated

05/23/2024 - 10:30 AM (RTTNews)
(RTTNews) - The Mexican economy expanded as initially estimated in the March quarter, the latest d ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.