In the latest update, on Thursday, February 8, the RBI's Monetary Policy Committee (MPC) decided to maintain the status quo by keeping the repo rate unchanged at 6.5 cent. This marks the sixth consecutive policy review with no changes to the repo rate. Additionally, the committee voted 5 to 1 to maintain a monetary policy stance focused on the "withdrawal of accommodation," aiming to align inflation with the target while supporting economic growth. RBI Repo Rate Update: Reserve Bank of India Retains Repo Rate at 6.5%, GDP Growth at 7%, Inflation at 5.4% (Watch Video).
RBI Keeps Repo Rate Unchanged at 6.5%
RBI MPC opts for status quo, keeps repo rate unchanged at 6.5%, maintains monetary policy stance as ‘withdrawal of accommodation’ pic.twitter.com/x3JEXhAqC9
— ANI (@ANI) February 8, 2024
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