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.
Equated monthly instalments (EMIs) of home, vehicle and other loans are expected to remain steady for the time being. The inflation projection has been hiked from 5.1 per cent to 5.4 per cent for FY2024, with high food inflation.
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The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate the repo rate unchanged at 6.5 per centr