RBI maintains status quo on key policy rates
Falling on the expected lines, RBI has kept its key policy rates unchanged at 6.5 per cent on the conclusion of three–day MPC meeting here this morning
By : IANS
Update:2024-06-07 10:41 IST
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Mumbai, June 07: Falling on the expected lines, RBI has kept its key policy rates unchanged at 6.5 per cent on the conclusion of three–day MPC meeting here this morning.
Making this announcement, the RBI Governor, Dr Shaktikanta Das, said, “MPC remains vigilant to upside risks from inflation, especially food inflation.”
RBI Governor said that MPC voted 4:2 to continue on withdrawal of accommodation.
It has to be noted that the stance has been maintained since April 2022.
World has gone into one crisis after another and it still continues, he said.
RBI has raised FY25 GDP growth forecast to 7.2 per cent from 7 per cent.