RBI maintains repo rate at 6.5 percent amid inflation concerns
after close1 source ↓written by the desknot a recommendation
- for FY 2023-24
- 6.5%
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. This move aims to keep inflation in check ahead of the festive season. Additionally, the GDP growth forecast remains steady at 6.5% for FY 2023-24.
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