Shillong, August 10: The Reserve Bank of India’s Monetary Policy Committee (MPC) has maintained the repo rate at 6.5%, in line with economist predictions.
Governor Shaktikanta Das, announcing the decision after three days of MPC discussions, highlighted a unanimous agreement on the rate.
As per IANS, the committee’s economic analysis led to a GDP growth projection of 6.5% for FY24, with an inflation forecast of 5.4% for 2023-24, factoring in both domestic and global factors.
Das acknowledged uncertainties tied to geopolitical events and the monsoon. The MPC convened from August 8th to 10th.
