RBI Projects consumer price index inflation for this fiscal at 4.5%

The Reserve Bank of India has said, the Consumer Price Index inflation for 2024- 25 is projected at 4.5 per cent. RBI Governor Shaktikanta Das while announcing the bi- monthly monetary policy today said, the CPI inflation had peaked at 7.8 per cent in April 2022. 

Advertisment

1/38

2/38

3/38

4/38

5/38

6/38

7/38

8/38

9/38

10/38

11/38

12/38

13/38

14/38

15/38

16/38

17/38

18/38

19/38

20/38

21/38

22/38

23/38

24/38

25/38

26/38

27/38

28/38

29/38

30/38

31/38

32/38

33/38

34/38

35/38

36/38

37/38

38/38

He added, that even though Inflation has come down significantly it remains above the 4 per cent target given by the Government.

The Governor added real GDP growth for 2024-25 is projected at 7.0 percent with Quarter 1 at 7.1 percent; Quarter 2 at 6.9 percent; Quarter 3 at 7.0 percent; and Quarter 4 also at 7.0 percent.

The apex bank has kept the repo rate unchanged for the seventh time in a row.

The Governor informed that, India’s Foreign Exchange Reserves reached an all-time high of 645.6 billion dollars as of March 29th this year.