RBI keeps repo rate unchanged at 6.5%; FY24 GDP growth estimate maintained at 6.5%

RBI keeps repo rate unchanged at 6.5%; FY24 GDP growth estimate maintained at 6.5%

Daily Current Affairs / RBI keeps repo rate unchanged at 6.5%; FY24 GDP growth estimate maintained at 6.5%

Change Language English Hindi

Category : Business and economics Published on: June 10 2023

Share on facebook

In line with expectations, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent, in its second bi-monthly monetary policy of fiscal 2023–24, which was held between June 6 and 8.
The repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds.
Further, the MSF rate remains unchanged at 6.75 per cent, while the bank rate also stands steady at 6.75 per cent.
RBI has also lowered retial inflation projection to 5.1 percent during FY'24 from earlier estimate of 5.2 percent. RBI Governor said that GDP growth in Q1 this fiscal year expected at 8 percent.

Recent Post's

Bharat Coking Coal Ltd’s ₹1,071-crore IPO was oversubscribed 146.81 times, led by strong demand from QIBs and non-institutional investors.
Read More....
India ranked 80th in the Henley Passport Index 2026, offering visa-free or visa-on-arrival access to 55 destinations, improving five positions from last year.
Read More....
Australia women’s team captain Alyssa Healy announced her retirement from international cricket ahead of the T20 World Cup 2026.
Read More....
Indian mountaineer Aritra Roy successfully summited Mount Aconcagua (6,967.15 m), the highest peak outside Asia, as part of his Seven Summits mission.
Read More....
India’s fish production rose to 198 lakh tonnes in 2024–25 from 95 lakh tonnes in 2013–14, reinforcing its position as the world’s second-largest producer.
Read More....
External Affairs Minister S. Jaishankar launched the official website, theme and logo for India’s BRICS Presidency 2026.
Read More....
Bangladesh Cricket Board declined ICC’s request and reiterated its decision not to travel to India for the T20 World Cup 2026, citing security concerns.
Read More....
SpaceX launched NASA’s Pandora mission to study exoplanet atmospheres using long-duration observations from a Falcon 9 rocket.
Read More....
Blinkit, Zepto, Zomato and Swiggy decided to discontinue 10-minute deliveries following government intervention to improve gig workers’ safety.
Read More....
Meta appointed former Trump adviser and board member Dina Powell McCormick as its president and vice chairman amid its AI push.
Read More....