RBI MPC: RBI Monetary Policy Committee, headed by Governor Shaktikanta Das decided to keep the repo rate unchanged at 6.5% in August. The MPC kept the withdrawal of accommodation stance unchanged.
RBI repo rate: The Reserve Bank of India (RBI) announced that it would keep the repo rate unchanged at 6.5 per cent for the third consecutive time. The decision was reached by the Monetary Policy Committee (MPC) and reflects the need to keep headline inflation within the target of 4 per cent. However, the outlook for fiscal year 2023-2024 in terms of GDP growth remains at 6.5 per cent.
The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. RBI Repo Rate Update: Reserve Bank of India Maintains Pause for Third Time in a Row; Keeps Repo Rate Unchanged at 6.5%, Announces Governor Shaktikanta Das (Watch Video).