RBI MPC Meet 2024 Key Takeaways: From inflation forecast to increased UPI limit, here's all you need to know

The Reserve Bank of India announced pivotal forecasts for FY24-25, maintaining the repo rate at 6.50% and forecasting inflation at 4.5% for FY25. GDP growth is projected at 7.2%. Highlights include the introduction of delegated payments in UPI and faster cheque clearance. Forex reserves reached $675 billion.