RBI holds repo rate at 6.5%, inflation focus continues; FY24 GDP forecast unchanged at 6.5%
MPC voted to remain focused on withdrawal of accommodation by 5 votes to 1, said RBI’s Shaktikanta Das while announcing the committee’s decision. FY24 inflation projection unchanged at 5.4 percent. The Reserve Bank of India’s Monetary Policy Committee (MPC), as expected, left the repo rate, the rate at which the central bank lends short-term funds to banks,…
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