The Reserve Bank of India’s Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The central bank also maintained its inflation forecast for the fiscal year at 5.4%. Despite uncertainties in the agriculture sector and volatile global food and energy prices, the MPC remains focused on withdrawing accommodation. The GDP forecast for FY24 is unchanged at 6.5%, with projections of 6.5% for Q2, 6% for Q3, and 5.7% for Q4. The panel also increased the limit for gold loans under the Bullet Repayment scheme.
India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative