LIVE: RBI Post Monetary Policy Press Conference | Repo Rate Unchanged For 9th Time

In its third bi-monthly committee meeting for FY24–25, the Reserve Bank of India (RBI) maintained the real GDP growth forecast for the current fiscal year unchanged at 7.2%. Regarding policy rates, the RBI decided to maintain the benchmark interest rate (repo rate) at 6.5%, following a three-day meeting. This decision marks the ninth consecutive time the RBI has opted to keep the rate steady. "The MPC also decided by a majority of five out of six members to remain focused on the ‘Withdrawal of Accommodation’ to ensure that inflation progressively aligns with the target while supporting growth," said Shaktikanta Das. Watch the post MPC presser here#rbi #finance #inflation