RBI maintains repo rate at 6.5 percent
pre-market1 source ↓written by the desknot a recommendation
- remains projected
- 6.5%
- expected for Q1
- 6.6%
The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time, following a unanimous decision by the Monetary Policy Committee. GDP growth for FY 2023-24 remains projected at 6.5%, with a slight increase to 6.6% expected for Q1 FY 2024-25. This decision reflects the RBI's ongoing focus on controlling inflation ahead of the festive season.
Not investment advice. For informational purposes only.