RBI MPC Highlights: The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% in its current monetary policy committee (MPC) meet. The central bank also maintained the withdrawal of accommodation stance to tackle inflation. Watch this Business Today Visual Story to check the highlights from RBI MPC.
The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy statement on Wednesday, February 8, 2023, increasing the repo rate by 25 basis points. The Monetary Policy Committee (MPC) increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent. In its December monetary
RBI monetary policy: The central bank in April slashed the GDP growth projection for 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.