RBI Keeps Repo Rate Unchanged, Real GDP Growth For FY24 Projected At 6.5% | CNBC-TV18

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) today kept its key lending rate unchanged at 6.50 per cent, as per the announcement by RBI Governor Shaktikanta Das. The concluded three-day long RBI monetary policy meeting was a part of the bi-monthly policy review that the central bank undertakes. At the beginning of the address, the RBI Governor said, "The year 2023 began on a promising note.....Inflation globally has moderated but its dessent to the target is proving to be long." The 'repo rate unchanged' decision by the RBI MPC was taken once again at the backdrop of managing inflation and growth. This time, retail inflation, particularly, has been troublesome for the central bank as it has remained outside its tolerance limit. In addition to this, liquidity management by the central bank, has also been a primary motive over the last couple of months. The governor also said that till date, the central bank's MPC has cummulatively hiked the repo rate by 250 bps. #rbimonetarypolicy #reporate #cnbctv18 #RBIMPCmeet #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ n18oc_business