RBI Maintains Retains Repo Rate At 6.5% For 9th Straight Time

Announcing the third bi-monthly monetary poli🎃cy for the current financial year, RBI🐭 Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.

PTI

Updated on: 8 August 2024 10:28 am

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The rate increase cycle was paused in April last year after six c⛎onsecutive rate hikes, aggregating to 250 basis points since May 2022. Photo: File image

The rate increase cycle was paused in April last year after six consecutive rate hi༒kes, aggregating to 250 basis 🎃points since May 2022. Photo: File image

The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation rema✨ins stubboꦡrn.

The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basi😼s points since May 2022.

Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das sওaid the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged 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 financᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚial year.