• Source:JND
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RBI MPC Meeting:  RBI's Monetary Policy Committee led by Governor Shaktikanta Das decided to keep the repo rate unchanged at 6.5%. The Governor said that after assessing the macroeconomic situation and the future outlook, the Monetary Policy Committee (MPC) resolved to keep the policy rate at 6.5% with the consensus of 5 out of 6 members.

The committee, however, agreed to shift its stance from neutral to accommodative, which will give the RBI the flexibility to adjust interest rates based on the direction of inflation, as opposed to the current stance of withdrawal, which rules out the possibility of a rate cut.

The governor said that the RBI retained India’s real GDP growth forecast at 7.2% for FY25 

Forecast for FY25 - 7.2%
GDP growth forecast for Q2- 7.0%
GDP growth forecast for Q3 - 7.4%
GDP growth forecast for Q4 - 7.4%
GDP growth forecast for Q1FY26 - 7.3%

Inflation Rate Forecast 

FY25 - 4.5%

Inflation forecast for Q3 - 4.8%

Inflation forecast for Q4 - 4.2%

Inflation forecast for Q1FY26 - 4.3%

Others announcements

- The reverse repo rate will be maintained at 3.35 per cent.
- The RBI on Wednesday decided to raise the limit on UPI123Pay from Rs 5,000 to Rs 10,000 per transaction; and increase the wallet limit of UPI Lite from Rs 2,000 to Rs 5,000 and the limit per transaction from Rs 500 to Rs 1,000.
- Banks and NBFCs are not permitted to charge foreclosure charges/pre-payment penalty on any floating rate term loan sanctioned to private borrowers for purposes other than business.

"With stable borrowing costs, home loans are becoming more affordable, which is likely to increase demand in the housing market, particularly during the upcoming festive season. This stability will enable developers to plan their projects with confidence, as financing conditions are expected to remain favourable," Ramesh Menon, Founder Director of Delhi Consortiums.

"However, delays in the rollout of the Master Plan for Development (MPD) 2041 have hindered the timely execution of key infrastructure and housing projects. There is substantial private capital awaiting in the wings for deployment into Delhi Greenfield projects under land pooling and low-density residential areas. Formal gazette notification of MPD2041 would unlock the value of land exceeding 1.00 lakh crores. Delhi supply would also soften the prices in the overheated markets of Gurgaon and a supply surge of affordable residential in Delhi," he added.

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