RBI MPC Meeting: Reserve Bank keeps repo rate unchanged at 6.5%

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RBI Monetary Policy Committee Meeting June 2023: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday that the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 6.50 per cent...

The MPC also decided by a majority of five out of six members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth, the RBI governor said...

In April, the RBIs MPC unanimously decided to keep the repo rate unchanged at 6.50 per cent, after raising it continuously since May 2022 by a total of 250 basis points to keep the countrys inflation in check..

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