Just In: RBI keeps repo rate unchanged at 6.5%

2023-12-08 10:44:07 am | Source: Accord Fintech

Just In: RBI keeps repo rate unchanged at 6.5%

News By Tags | #RBI #Economy #GDP #MonetaryPolicyCommittee

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the key policy repo rate unchanged at 6.5% for the fifth consecutive time by a unanimous decision. The MPC last raised this rate by 25 bps to 6.50% at its meeting in February 2023. The RBI MPC also left the policy stance unchanged with focus on withdrawal of accommodation.

FY24 real GDP growth projected at 7% with Q3 at 6.5% and Q4 at 6%. Real GDP growth for the next financial year projected at 6.7 per cent in Q1, 6.5 Q2 and 6.4 in Q3. CPI inflation projected at 5.4% for FY24 with Q3 at 5.6% and Q4 at 5.2%. CPI inflation projected at 5.2% Q1 FY 25, 4% in Q2, 4.7% in Q3.

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Just In: RBI keeps repo rate unchanged at 6.5%

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