Live
- I understand struggles faced by people: Waliullah
- AP LAWCET Application Deadline Extended to May 4; Exam on June 9
- BRS turns 23, vows to continue fight for people
- From boardroom battles to poll fields, moneybags have it easy
- CPM may withdraw from contest in Bhongir, to make way for Cong
- BJP for Viksit Bharat, Cong agenda is Vibhajit Bharat, says Laxman
- YSRCP Eluru LS nominee seeks Yadavas’ support
- BJP complains to EC against CM
- Ayurvedic remedies to keep healthy eyes
- Visakhapatnam: Velagapudi Ramakrishna Babu organises poll campaign
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Reserve Bank of India
Chennai: As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent. ...
Chennai: As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24.
As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues including potential agricultural produce.
Das also said uncertainty exists due to geopolitical situation, monsoon and others.
The MPC met on October 4-6.
