RBI Monetary Policy Repo Rate: Reserve Bank of India RBI has no change in the repo rate, which is 6.5%. RBI Monetary Policy Committee MPC announced the first month of policy FY24. In three (3) days of the meeting, RBI governor Shaktikanta Das led the team and decided to keep the repo rate remains same for the next financial year.
RBI Monetary Policy Repo Rate
Here is the come of the essential highlights;
- US Federal Reserve hiked interest rates by 25 basis points.
- Cooking gas cylinder and CNG rates will be cut in India soon.
- The inflation rate – 6.4% – 6.5% YoY
- Deposit growth – 8%
RBI Repo Rate News
As per the global update, the RBI has stood at the same position after a long conversion and observation of the global market. For the next financial year, the report rate is 6.5% only.
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