The Reserve Bank of India held its MPC meet for three days from October 4 to October 6.
RBI MCP left the repo rates unchanged at 6.5% and maintained the withdrawal of accommodation stance
RBI Governor mentioned that the fight against inflation is not over yet and that the RBI's target is 4% inflation and not between 2%-6%
RBI kept the GDP growth forecast for FY24 unchanged at 6.5% with Q2 GDP growth forecast unchanged at 6.5%, Q3 unchanged at 6%, Q4 at 5.7%
RBI may consider Open Market operation sales of government securities to manage liquidity
To enhance the convenience of cardholders, RBI governor has proposed to introduce card-on-file tokenisation creation facilities directly at the bank