RBI Governor Shaktikanta Das announced the MPC's decision to maintain the key policy rate unchanged at 6.50%.

The central bank unveiled plans to enhance financial benchmark administration with a risk-based framework.

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Revised projections place India's retail inflation at 5.4% for the fiscal year 2023-24.

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Governor Das outlined an inflation trajectory assuming a normal monsoon, projecting 5.4% for the year.

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The per transaction payment limit for UPI Lite in offline mode is proposed to increase to ₹500.

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A framework allowing borrowers to transition from floating to fixed interest rates was introduced for loans.

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RBI aims to foster digital payments and convenience through increased transaction limits.

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The central bank's commitment to stability and growth was highlighted despite global uncertainties.

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RBI's initiatives collectively contribute to shaping India's economic landscape amid evolving global conditions.

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