RBI’s MPC keeps repo rate unchanged at 6.5%; real GDP growth for 2024-25 projected at 7%
The Hindu
The Reserve Bank of India's Monetary Policy Committee keeps policy repo rate unchanged at 6.50% for 2023-24.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday, February 8, 2024 after a detailed assessment decided unanimously to keep the policy repo rate unchanged at 6.50%.
Consequently, after taking into accounts various, the real GDP growth for 2023-24 has been projected at 7%. This is slightly less than 7.3% of 2023-24.
Whiel the CPI headline inflation for 2023-24 is projected at 5.4% with Q4 at 5%, the CPI headline inflation for 2024-25 is projected at 4.5%.
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