RBI keeps repo rate unchanged at 6.5 per cent: Shaktikanta Das

Back To Homepage Subscribe To RSS Feed

Breaking News

Deputy CM Ensures Land ROR Distribution for Bondas, Reviews Bonda Ghati Progress Iswar Addanki Malkangiri,Odisha,21.12.2024 -Deputy Chief Minister Smt. Parvathi Parida reviewed the distribution of land and common forest titles under the Vasundhara Yojana in Bonda areas like Mudulipada, Baddural, Andrahal, and...
Emerging Climate Leaders Share Insights from COP29 By Our Staff Reporter Bhubaneswar, Dec 20: A dissemination meeting was organized today by Youth4Water Plus, with support from UNICEF Odisha, to share key takeaways and experiences from the...
108-foot monumental National Flag unveiled at Rama Devi Women’s University, President Droupadi Murmu’s alma mater By Manoj Jena Bhubaneswar, Dec. 18: A 108-foot monumental national flag, installed by the Flag Foundation of India, was unveiled on Wednesday at Rama Devi Women’s University in Bhubaneswar, Odisha....
IMFA Joins Hands with JSW Green Energy for Renewable Power Supply By Swagatika Bhutia Bhubaneswar, Dec. 18: Indian Metals & Ferro Alloys Ltd (IMFA), a leader in ferrochrome production, has entered a joint venture with JSW Green Energy to secure renewable...
India’s first cyclone-resistant 220kv transmission line commissioned in Odisha By Payal Banarjee Bhubaneswar, Dec. 17: Empowertrans, a Bhubaneswar-based electrical engineering firm, has successfully commissioned India’s first cyclone-resistant 220kV double-circuit (D/C) transmission line in coastal Odisha. The announcement was made...

RBI keeps repo rate unchanged at 6.5 per cent: Shaktikanta Das

December 08

11:10 2023

Print This Article Share it With Friends

by indadmin

NEW DELHI,DEC 8: The RBI Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday.

The three-day bi-monthly monetary policy committee (MPC) meeting of the RBI began on Wednesday. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.

For the fourth straight occasion, the monetary policy committee, through its October review meeting, unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo. In its past four meetings, it held the repo rate unchanged at 6.5 per cent.

The repo rate is the rate of interest at which RBI lends to other banks.

While deliberating the policy statement in October, RBI Governor Shaktikanta Das said the central bank was concerned and it had identified high inflation as a major risk to macro-economic stability and sustainable growth.

Das had reiterated that the monetary policy committee is committed to aligning India’s headline inflation at 4 per cent level.

A relative decline in inflation, barring the latest spike, and its potential for further decline may have prompted the central bank to put the brake on the key interest rate. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory quite well.

-PTI