Tag: RepoRate
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RBI Holds Steady: Repo Rate Remains at 6.5% in Latest Monetary Policy Meeting !
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced the bi-monthly monetary policy statement on Thursday, August 8, maintaining the repo rate at 6.5%, which is the rate for short-term loans to banks. The Governor indicated that inflation and economic growth are progressing in a balanced manner, although caution is necessary regarding…
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“RBI Monetary Policy LIVE Updates: Repo Rate Steady at 6.5%; FY25 GDP Growth Forecast Raised to 7.2%”
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has announced its decision to maintain the repo rate at 6.5 percent for the eighth consecutive time. This decision was made with a majority vote of 4-2. In order to align inflation with the RBI’s target, the MPC has chosen to continue with…