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RBI has released its Monetary Policy Statement on June 7th , 2024

RATES 7 June,20245 April,20248 February 20248 December 20236 October 202310 August 20238 June 20236 AprilFebruary 8 ‘23December 7September 30August 5June 8
Policy Repo Rate 6.50% (No Change)6.50% (No Change)6.50% (No Change)6.50% (No Change)6.50% (No Change)6.50% (No Change)6.50% (No Change)6.50% (No change)6.50% (+25bps)6.25% (+35bps)5.90%5.40%4.90%
Standing Deposit Facility6.25%6.25%6.25%6.25%6.25%6.25%6.25%6.25%6.25%6.00%5.65%5.15%4.65%
Marginal Standing Facility6.756.75%6.75%6.75%6.75%6.75%6.75%6.75%6.75%6.50%6.15%5.65%5.15%
Bank Rate 6.75%6.75%6.75%6.75%6.75%6.75%6.75%6.75%6.75%6.50%6.15%5.65%5.15%
Bank Credit Growth (Y-o-Y)15.8% (As on May17th, 2024 – Non Food)16.3%15.3% (Sept 22)14.7% (July 28)15.4% (May 19)15.40% (March 24)16.70% (Jan 27)17.2% (Sept 9)16.2%(July) 14%5.40%
Real GDP growth Projected in 2024-25; 7.2%||Q1: 7.3%; Q2: 7.2%; Q3: 7.3%; Q4: 7.2%Expected in 2023-24: 7.6%(y-o-y)||Projection: FY2024-25: 7% (Additional Information) Q1:7.1%: Q2: 6.9%; Q3: 7.0%; Q4: 7.0%Expected in 2023-24: 7.3% (y-o-y) ||Projection: FY2024-25: 7% (Additional Information) Q1:7.2%: Q2: 6.8%; Q3: 7.0%; Q4: 6.9%Actual: 7.6% (y-o-y) in Q2:2023-24 ||Projection: FY2023-24: 7.0% (Additional Information) Q3: 6.5%; and Q4: 6.0%; Q1:2024-25: 6.7%; Q2: 6.5%; Q3: 6.4%Actual: 7.8% (y-o-y) in Q1:2023-24 || Projection: FY2023-24: 6.5% (Additional Information) Q2: 6.5%; Q3: 6.0%; and Q4: 5.7%; Q1:2024-25: 6.6%Projection: 6.5% (FY2023-24) (Additional Information: Q1: 8.0%; Q2: 6.5%; Q3: 6.0%; Q4: 5.7%)Projection for FY2023-24 : 6.5% (Additional Information: Q1: 8%; Q2: 6.5%; Q3: 6.%; Q4: 5.7%) 7% (Expected) 2022-23; Projection for FY2023-24 : 6.5% (Additional Information: Q1: 7.8%; Q2: 6.2%; Q3: 6.1%; Q4: 5.9%) 7%Achieved 6.3% (Q2 FY22-23); For FY23 at 6.8%; (Additional information: Q3- 4.4%; Q4- 4.2%; Q1FY24-7.1%; Q2FY24-5.9%)Achieved 13.5% (Q1 FY22-23); For FY23 at 7%; (Additional information: Q2- 6.3%; Q3- 4.6%; Q4- 4.6%; Q1FY24-7.2%)7.20%(Additional information: Q1- 16.2% ; Q2- 6.2% ; Q3- 4.1% ; and Q4- 4.0%)7.20%
Projected Inflation (Projection)2024-25: 4.5%|| Q1: 4.9%; Q2: 3.8%; Q3: 4.6%Q4: 4.5%(Projection) 2023-24: 5.4%%; Additional data (Q4: 5%)|| (Projection) 2024-25 4.5%: Q1: 4.9%; Q2: 3.8%; Q3: 4.6%Q4: 4.5% (Projection) 2023-24: 5.4%; Additional data (Q4: 5%)|| (Projection) 2024-25 4.5%: Q1: 5.0%; Q2: 4.0%; Q3: 4.6%Q4: 4.7% (Projection) 2023-24: 5.4%; Q3: 5.6%; Q4: 5.2% || (Projection) 2024-25: Q1: 5.2%; Q2: 4.0%; Q3: 4.7% (Actual) July 2023: 7.4%, August 2023: 6.8% || (Projection) FY2023-24: 5.4%, (Additional information: Q2: 6.4%, Q3: 5.6%;Q4: 5.2%; Q1:2024-25:  5.2%(Actual) FY2023-24: Q1: 4.6%(Projection) FY2023-24: 5.4% (Additional Information: Q2: 6.2%; Q3: 5.7%; Q4: 5.2%)FY:2023-24: 5.1% (Additional Information: Q1-4.6%;
Q2-5.2%; Q3-5.4%; Q4-5.2%)
Projection for FY2023-24: 5.2% (Additional Information: Q1: 5.1%; Q2:  5.4%; Q3: 5.4%; Q4: 5.2%) 6.5% (Additional Information: Q4- 5.7%. CPI Inflation projected for 2023-24 @5.3%– Q1: 5.00%; Q2: 5.4%; Q3: 5.4%; Q4: 5.6%  6.70%(Additional Information: Q3- 6.6%; Q4- 5.9%. CPI Inflation projected for 2023-24– Q1: 5.00%; Q2: 5.4%   6.70%(Additional information: Q2- 7.1% ; Q3- 6.5% ; Q4- 5.8%. CPI inflation for Q1:2023-24 is projected at 5.0%)6.70%(Additional information: Q2- 7.1% ; Q3- 6.5% ; Q4- 5.8%. CPI inflation for Q1:2023-24 is projected at 5.0%) 
Net Foreign Direct Investment (FDI)US$ 10.6 billion in 2023-24US$14.2 billion(April-Jan 2024)US$13.5 billion(April-Nov 2023)US$10.4 billion(April-Oct 2023)US$ 5.8 billion (April-July 2023)US$5.5 billion        (April-May’23)US$ 28 billion (FY 22-23)Q3 : FY22-23 : US$ 2.1 billionUS$22.3 billion (April-December 2022)US$22.7 billion (April-Oct 2022)US$18.9 billionUS$ 13.6 billionUS$ 11.6 billion
CADExpected to remain within the sustainable limitsQ3: 2024-25:1.2 per cent of GDPQ2:2023-24:1.1 per cent of GDPQ1:2023-24:1.1 per cent of GDPFY2022-23: 2% of GDPQ1-Q3 of 2022-23 : 2.7% of GDPH1FY22-23: 3.3% of GDPTo maintain expected levelsQ1:2022-23 – 2.8% of GDP; Q4:2021-22 – 1.5% of GDP; Q1:2021-22 – 0.9% of GDP   
Foreign Exchange ReserveUS$ 651.5 billion(May 31, 2024)US$645.6 billion(March 29, 2024)US$622.5 billion(February 2, 2024)US$604 billion(December 1. 2023)US$ 586.9 billion(September 29, 2023)$601.5bn(August 4, 2023)US $ 595.1 billion(June 2, 2023)US$ 578.40 billion (March 31, 2023)US$576.80 billion (January 27, 2023)US$561.2 billion as on December 2 US$537.5 billion  
Flow of Foreign Portfolio InvestorsOutflow of US$ 5.0 billion (till June 5)US$8.0 billion (H2:2023-24)Net Inflow: US$32.4bn (for the year up to Feb 6);           
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