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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Governor's Statement

05-Apr-2024 | 2024-2025/41

RBI has issued a Press release on Government statement in line with the Monetary Policy committee meet from 3rd, 4th and 5th April 2024. Key highlights of the statement are:- 1.Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50 per cent and the standing deposit facility (SDF) rate remains at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. 2. The MPC also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth. 3. An Assessment has been made on Global and Domestic Growth and Inflation. 4. Furthermore, statements on Inflation, Liquidity and Financial Market Conditions, Financial Stability, External Sector, Trading of Sovereign Green Bonds in International Financial Services Centre, RBI Retail Direct Scheme - Introduction of Mobile A, Review of Liquidity Coverage Ratio (LCR) Framework, Dealing in Rupee Interest Rate Derivative products, Small Finance Banks, Enabling UPI for Cash Deposit Facility, UPI Access for Prepaid Payment Instruments (PPIs) through Third Party Apps, Distribution of Central Bank Digital Currency (CBDC) through Non-bank and Payment System Operators.

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