RBI keeps repo rate unchanged at 6.5%, GDP for FY25 projected at 7.2%
October 9, 2024 - PatialaPolitics
RBI keeps repo rate unchanged at 6.5%, GDP for FY25 projected at 7.2%
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to “neutral”, opening the door for rate cuts amid early signs of a growth slowdown in the economy. Shaktikanta Das’ announcement comes after the three-day meeting of the six-member RBI Monetary Policy Committee (MPC) which will end today. Moreover, this is the first RBI MPC meeting after three new external members appointed by the government on the panel