RBI Monetary Policy I Repo Rate I GDP & Inflation Number

Connect for Mutual Fund - www.assetplus.in/mfd/ARN-260883 RBI Monetary Policy Meeting Highlights, RBI MPC Meeting February 2024 News & Key Highlights: The Reserve Bank of India’s Monetary Policy Committee has decided to keep the policy repo rate unchanged at 6.5%. The six-member committee voted by 5:1 majority to keep the repo rate unchanged in its last meeting of FY24 as retail inflation continues to be above its target of 4%. This is the sixth meeting on the trot that the MPC has maintained a status quo on the repo rate (the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches). CPI for FY24 is projected at 5.4%, while its likely to be at 4.5% in FY25. RBI has pegged real GDP growth for FY25 at 7%