
RBI keeps policy rate unchanged at 6.5%
The Hindu
RBI's MPC keeps policy repo rate unchanged at 6.50% in April 2024, with a majority decision of 5:1.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on April 5, 2024 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The decision was made on a majority of 5:1, according the the statement by India’s central bank.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












