RBI POLICY UPDATE 6th OCT 2023 :

• RBI Maintains Repo Rate Unchanged At 6.50%
• The MPC decision was unanimous.
• Stance unchanged; withdrawal of accommodation
• MPC is highly alert to check inflation.
• Real GDP growth in 1Q FY25 is seen at 6.6%.
• Economy Remains ‘Resilient”
• RBI Says The overall inflation outlook is clouded by uncertainty due to kharif crops, lower reservoir levels, and the global outlook.
• The RBI says the global economy is slowing due to tight financial conditions and prolonged geopolitical tensions.
• The inflation forecast for FY24 is maintained at 5.4%.
•  RBI withdraws incremental CRR.