Key Points
The Reserve Bank of India-led Monetary Policy Committee (MPC) on Friday decided to keep the repo rate unchanged at 6.5 per cent with a majority of 4:2 for the eighth consecutive time...
The decision to retain the key lending rate was announced by RBI governor Shaktikanta Das at the end of the three-day meeting which commenced on June 5...
The repo rate was last hiked in February 2023 and since then, it has remained at the same level for the previous seven bi-monthly policies...
The real GDP forecast for FY25 was raised by the MPC to 7.2 per cent from 7 per cent earlier on prospects of improving rural and urban demand conditions buoyed by monsoon forecast, Governor Shaktikanta Das said...
On the growth front, the rate-setting panel while warning of geopolitical headwinds, had projected India's GDP to grow at 7 per cent in the ongoing financial year, during its April meeting...
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