The Reserve Bank of India s decision to keep key benchmark policy rate at 6.5 per cent is in line with expectations of the market, experts said on Thursday. The repo rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022. RBI Decision To Keep Repo Rate Unchanged at 6.5% in Line With Expectations, Say Experts.
Announcing the bi-monthly monetary policy, Reserve Bank of India Governor Shaktikanta Das said the RBI s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook. RBI Projects Economic Growth to Slow Down to 6.4% From 7% in Financial Year 2023-24.
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