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

R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.
Read More....
Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.
Read More....
IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.
Read More....
ICC updates powerplay rules for shortened T20 matches effective from July 2025.
Read More....
Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.
Read More....
MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.
Read More....
CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.
Read More....
NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.
Read More....
India and South Africa sign agreements on submarine cooperation during defence talks.
Read More....
Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.
Read More....