• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

RBI May Cut Repo Rate Only In Q3 FY25: SBI Economist

OMMCOM NEWS by OMMCOM NEWS
April 2, 2024
in Business
rbi

Chennai:  The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).

In a research report, Soumya Kanti Ghosh, the Group Chief Economic Advisor, also said that the RBI will not change its stance and continue with the withdrawal of accommodation.

The first meeting of the MPC for this fiscal will be held this week.

The repo rate is the rate at which the RBI lends to commercial banks. Currently, the rate is 6.5 per cent.

According to Ghosh, with moderate fuel prices, inflation is currently being driven by food price dynamics. The Consumer Price Index (CPI) inflation is mostly driven by ‘good’ inflation (economists are of the view that inflation at about 2 per cent is good for the economy).

Looking ahead, evolving food prices will determine domestic inflation. CPI inflation is expected to remain slightly above 5 per cent in the remaining months of FY24. The core CPI declined to 3.37 per cent – a 52-month low, Ghosh said in the report.

He also said that inflation is expected to decline till July this year, but increase after that to reach a peak of 5.4 per cent in September, followed by a deceleration. For the whole of FY25, CPI inflation is likely to average to 4.5 per cent (FY24 – 5.4 per cent).

(IANS)

Tags: Reserve Bank of India
ShareTweetSendSharePinShareSend
Previous Post

Shantilata Barik Chhotray: Remembering Bhajan Queen of Odisha Through Her Evergreen Bhajans

Next Post

AAP Plans To Move Court For Designating Small Area In Tihar Jail As Office For Delhi CM: Sources

Related Posts

Piyush Goyal,
Business

Piyush Goyal, German Minister Discuss Commitment To Finalising India-EU FTA

October 23, 2025
Jyotiraditya Scindia
Business

Scindia Meets FM Sitharaman To Boost Digital Infra, Regional Connectivity

October 23, 2025
Business

US Tariffs To Dent Indian Leather Industry Revenue, GST 2.0 To Provide Some Respite: Report

October 23, 2025
Piyush Goyal
Business

India Committed To Rules-Based Multilateral Trading System: Piyush Goyal

October 23, 2025
sensex
Business

Sensex Surges 700 Points, Nifty Reclaims 26,000 As IT Stocks Lead Market Rally

October 23, 2025
Piyush Goyal
Business

India Calls For Closer South-South Ties In Critical Minerals, Fertilisers

October 22, 2025
Next Post
Arvind Kejriwal

AAP Plans To Move Court For Designating Small Area In Tihar Jail As Office For Delhi CM: Sources

Arun Govil Files Nomination, Huge Crowds Mark His Roadshow

SC Grants Bail To AAP Leader Sanjay Singh In Delhi Excise Policy Case

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.