RBI policy-1 (500 words)
RBI keeps Repo rate unchanged at 6.50%
image for illustrative purpose
Mumbai, Feb 08: The RBI has kept its repo rate unchanged at 6.5 per cent. It was announced in the media statement given by the RBI governor Dr Shaktikanta Das after three-day brainstorming MPC meeting which concluded this morning.
This comes exactly one week after Finance Minister Nirmala Sitharaman presented the interim budget for 2024-25,
To be sure, no one really had expected the RBI to actually lower the policy repo rate.
The RBI Governor said that MPC will carefully monitor any signs of generalisation of food inflation. Global growth expected to remain steady in 2024. Financial markets are volatile as participants adjust expectations, he said.
Real GDP growth for FY2024-25 is projected at 7.0 per cent (unchanged) , he said, adding that inflation for FY2024-25 is projected at 4.7 per cent (versus 5.2 per cent).
