RBI monetary policy: Shaktikanta Das-led MPC keeps repo rate steady at 6.50%
1 year, 4 months ago

RBI monetary policy: Shaktikanta Das-led MPC keeps repo rate steady at 6.50%

Live Mint  

RBI monetary policy meeting: In a bid to keep the uptrend in micro and macro economic growth in India, Shaktikanta Das led monetary policy committee unanimously decided to keep the repo rate unchanged at 6.50 per cent for third straight meeting in a row. Announcing about the RBI policy committee meeting outcome, RBI Governor Shaktikanta Das said, “The monetary policy committee unanimously decided to keep the repo rate unchanged at 6.50 per cent.” The RBI Governor went on to add that Indian economy is 5th largest economy in the world and India's contribution in global growth is to the tune of 15 per cent. CPI inflation in FY24 The RBI Governor said that challenges from the high interest regime in global economy is expected to keep putting pressure on India's growth theme and said that consumer price index to remain at 5.40 per cent in FY24, which stood at 5.1 per cent in FY23. Speaking on RBI policy meeting outcome, Pratapsingh Nathani, Chairman & MD at Beacon Trusteeship said, “In its monthly policy statement, RBI continued to maintain its old stance of maintaining the repo rate at 6.50% however being watchful on inflation target of 4% & over the sudden spurt in agricultural prices.

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