Why RBI Decided to Retain Repo Rate At 6.5%? Explained
Governor Das further added the monetary policy committee is committed to aligning India's headline inflation at 4 per cent level.
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Governor Das further added the monetary policy committee is committed to aligning India's headline inflation at 4 per cent level.
The Reserve Bank of India's Governor, Shaktikanta Das, stated that India's economy remains resilient despite global trends. He mentioned that domestic economic activity is strong due to robust domestic demand. However, Das also warned of risks to India's outlook, including geopolitical tensions, global economic slowdown, and uneven monsoon. The panel projected India's real GDP growth for 2023-24 at 6.5% and emphasized the need to remain vigilant.
RBI keeps repo rate unchanged at 6.5 per cent. Policy stance also uncanged at withdrawal of accommodation.
Reserve Bank of India (RBI) Governor Shaktikanta Das in the Monetary Policy Committee meeting announcements stated that GDP growth for 2023-24 is projected at 6.5 percent.
Real estate experts said the RBI's decision to maintain the repo rate at 6.5% during the ongoing festive season is indeed a boon for home buyers.