RBI's Patel on Rates Decision, Risks to Growth: Statement

The Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged and shifted its stance to calibrated tightening. Global economic activity is facing challenges due to oil price rises, tariff wars, and emerging market events. India's GDP growth is strong, driven by private consumption and exports, but inflation and trade deficits pose risks. The rupee has experienced volatility, and inflation is expected to rise. The MPC emphasizes the need for macroeconomic stability, flexible exchange rates, and structural reforms to bolster resilience against global headwinds.

How did the exchange rate of the rupee change by the end of September?

What impact did the rise in oil prices have on the inflation outlook?

What role does the MPC see for private consumption in the economic outlook?

What is the projected GDP growth rate for 2018-19 as per the MPC?