Question

What is the inflation projection for FY25 as retained by the RBI in its Monetary Policy Committee (MPC) meeting held in October 2024?

• A. 7 %
• B. 4.5 %
• C. 6 %
• D. 7.2 %

Answer 1

Answer:

B. 4.5 %

Read Explanation:

RBI Monetary Policy: The RBI maintains its 4.5% inflation projection for 2024-2025, with a focus on balancing risks RBI MPC Meeting Inflation Target: The Reserve Bank of India, maintaining an inflation forecast of 4.5%, kept its key lending rate steady at 6.5%. Despite food price increases and global tensions impacting crude prices, the decision focuses on price stability and growth. RBI Governor Shaktikanta Das highlighted recent monsoon developments and core inflation moderation as key influences.

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