RBI will announce decision on repo rate today at 10 AM. Later today, Governor Shaktikanta Das will hold press conference at 11 AM. Analysts expect India’s central bank to keep rate unchanged at 6.5%, in line with stance taken by other central banks. RBI has maintained this rate since February 2023.
RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das has announced MPC’s 5-1 decision to keep interest rates steady at 6.5 per cent. Das said that inflation is moving closer to the RBI’s target but yet to reach the 4 per cent mark. RBI has kept standing deposit facility rate steady at 6.25%
RBI has projected real growth at 7 per cent and inflation at 4.5 per cent for next fiscal. This is higher than the govt’s nominal growth assumption of 10.5 per cent in the interim budget.