Brief by Shorts91 Newsdesk / 05:47am on 07 Jun 2024,Friday India
The Reserve Bank of India (RBI) has maintained the repo rate at 6.5%, as announced by Governor Shaktikanta Das. The decision, taken by the Monetary Policy Committee (MPC), reflects ongoing concerns over inflation, which remains above the target of 4%. Despite economic uncertainties, the RBI projects a GDP growth rate of 7.2% for FY2024-25, marking the fourth consecutive year of 7% or higher growth. The standing deposit facility (SDF) rate stays at 6.25%, while the marginal standing facility (MSF) rate and bank rate are unchanged at 6.75%. The RBI aims to balance inflation control with growth.
