RBI-गवर्नर ब्याज दरों के फैसले की जानकारी 10 बजे देंगे: रेपो रेट में बदलाव की उम्मीद नहीं, 2023 से दरें 6.50% पर स्थिर

Today, i.e. 8th August, is the last day of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI). (File photo)

Today, i.e. 8th August, is the last day of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das will issue a statement regarding the meeting at 10 am today. At the same time, information about the decisions taken in the meeting will be given in the press conference at 12 noon. This will be the third meeting of the financial year 2024-25.

According to experts, there is no expectation of change in RBI repo rate i.e. interest rate in this meeting. Currently the repo rate remains at 6.50%. RBI has not made any change in interest rates since 8 February 2023. The last meeting was held in June.

RBI raised GDP forecast in June, kept inflation forecast intact

Repo rate is a powerful tool to fight inflation
RBI has a powerful tool to fight inflation in the form of repo rate. When inflation is very high, RBI tries to reduce the money flow in the economy by increasing the repo rate. If the repo rate is high, the loan that banks get from RBI will be expensive.

In return, banks make loans more expensive for their customers. This reduces the money flow in the economy. When the money flow decreases, demand decreases and inflation decreases.

Similarly, when the economy goes through a bad phase, there is a need to increase the money flow for recovery. In such a situation, RBI reduces the repo rate. This makes the loan that banks get from RBI cheaper and customers also get loans at a cheaper rate.

Let us understand this with an example. During the Corona period, when economic activity came to a standstill, there was a decrease in demand. In such a situation, RBI increased the money flow in the economy by reducing interest rates.

Know what the inflation figures say?

1. Retail inflation was 5.08% in June
Retail inflation rose to 5.08% in June. This was the highest level of inflation in 4 months. Inflation was 4.85% in April. Inflation was 4.75% in May. NSO released these figures on July 12. RBI’s inflation range is 2%-6%.

2. Wholesale inflation was 3.36% in June
Wholesale inflation reached a 16-month high in June. According to data released on July 15, wholesale inflation rose to 3.36% in June. Wholesale inflation was 3.85% in February 2023. Food inflation rose from 7.40% to 8.68% in May.

How does inflation affect?
Inflation is directly related to purchasing power. For example, if the inflation rate is 7%, then the value of Rs 100 earned will be only Rs 93. Therefore, one should invest keeping inflation in mind. Otherwise, the value of your money will decrease.