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Published On : Thu, Aug 10th, 2023

By Nagpur Today Nagpur News

RBI keeps repo rate unchanged at 6.5%

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RBI Monetary Policy Committee decides to keep repo rate unchanged at 6.5 pc, says RBI Governor Shaktikanta Das.

Unchanged repo rates indicate the loan interest rates too are likely to remain unchanged. RBI projects Q2 retail inflation at 6.2 pc; Q3 at 5.7 pc and Q4 at 5.2 pc in FY 2023-24.

RBI ups retail inflation projection to 5.4 pc during FY’24 from earlier estimate of 5.1 pc due to vegetable price shocks.