The Reserve B🦩ank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn.
Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shakti♊kanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged𝔉 at 6.5 per cent.
The Reserve B🦩ank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn.
The r🐭ate increase cycle was paused in April ꦓlast year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate uncha🐬nged💙 at 6.5 per cent.
He said MPC will remain watchful of elevated food inflation.
The RBI keeps the growth projection unchanged at 7.2 per cent for the current ܫfinancial year.