RBI maintains repo rate at 6.5 percent
pre-market1 source ↓written by the desknot a recommendation
- for FY 2023-24
- 6.5%
- anticipated 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. The GDP growth forecast remains steady at 6.5% for FY 2023-24, with a slight increase to 6.6% anticipated 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.