The decision of the monetary policy review meeting held from October 4 to October 6, 2023, has been announced today. In this meeting, it has been decided to keep the repo rate stable. Apart from this, decisions have been taken on many issues like strengthening the banking system and controlling inflation. Reserve Bank of India Governor Shaktikanta Das also spoke today about the challenges facing the country's economy.

You all know that there is a World Cup atmosphere in the country. Noting this, he said that this is a turning moment for the country. In such a situation, we need to be very careful. Here the Governor is talking about issues related to food inflation and liquidity. He says that if no action is taken regarding this, it will affect the country's economy. Apart from this, it may also affect the banking system. Come, let us know what the Governor said on food inflation and liquidity?

Shaktikanta Das in his address today said that excessive cash prices can become a threat to financial stability. To control this, Increment CRR was implemented. At present there is stability in the financial market. Let us tell you that ECRR will end on 7 October 2023 and cash release will start from this.

On one hand, the demand is increasing due to the festive season, and on the other hand, the financial expenses of the government are also increasing. In such a situation, banks should think about managing liquidity. Banks will have to invest surplus cash at good returns.

Regarding the inflation rate, the RBI Governor said that the inflation rate may come down in September. Whereas in the third quarter, it may remain at 5.2 percent. There remains uncertainty due to crude oil prices and inflation across the world.