Benchmark Interest Rate

RBI keeps the repo rate unchanged at 6.50% due to inflation above the 4% target, maintaining the withdrawal of accommodation stance.

GDP Growth

RBI retained the GDP growth forecast for the 2024-25 financial year at 7%, down from 7.6% in FY24.

Sovereign Green Bonds

RBI allows eligible foreign investors in IFSC to invest in Sovereign Green Bonds, promoting wider non-resident participation.

Retail Participation

RBI said a mobile app for the Retail Direct portal is under development, facilitating retail investors to conveniently buy/sell government securities.

CBDC Wallets

RBI aims to make CBDC-R (Central Bank Digital Currency-Retail) more accessible through non-bank PSOs, enhancing user choices and testing platform resilience.

UPI Payments

RBI proposes linking Prepaid Payment Instruments (PPIs) to third-party UPI apps for more flexibility in payments, enhancing customer convenience.

Liquidity Risk  Management

RBI plans to change the LCR framework for better liquidity risk management by banks. Also, the entire SLR-eligible assets held by banks can be used as HQLAs for meeting LCR.

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