RBI keeps policy rate unchanged for 11th time in row at 6.5%
The Reserve Bank of India (RBI) has maintained its key lending rate at 6.5% for the 11th consecutive time, signaling stability in loan interest rates. However, the RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%, which is expected to inject approximately ₹1.6 lakh crore into the banking system, boosting liquidity and supporting the economy. This move is seen as a balancing act between managing inflation and stimulating demand. Additionally, the RBI has revised its GDP growth forecast for the current fiscal year to 6.6%, down from 7.2%, reflecting a more cautious economic outlook. DD India is India’s 24x7 international news channel from the stable of the country’s Public Service Broadcaster, Prasar Bharati. Launched in 2021, DD India has made a name for itself to deliver balanced, fair and accurate news from India and around the world. Apart from daily news bulletins tracking the developments around the world, DD India airs major events of national importance, analysis of current events and informative discussions. DD India offers fresh perspective on India's engagements with countries across the globe with interviews of global leaders apart from who's who of industry, academia and tech sectors. DD India's rich repertoire includes primetime bulletins like NewsNight, World Today, Express News, Mid-day Prime among others. Follow us on our social media platforms for latest news and updates. Follow us on X/Twitter: / ddindialive Follow us on Instagram: / ddindia Subscribe to our YouTube channels: DD News: / ddnews DD India: / ddindia Download DD News Mobile App: https://play.google.com/store/apps/de... Watch More Videos: / ddnews / ddindia #BreakingNews #LatestNews #TodayNews #PoliticalNews #News #NewsInEnglish #InternationalNews #international #LatestUpdates #GlobalNews #Doordarshan #RBI #RepoRate #InterestRate #MonetaryPolicy #RBIUpdate #EconomicGrowth #IndiaEconomy #6.5Percent #RBIStability #FinancialStability #RBIPolicy #IndiaFinance #CentralBank #RepoRateHold #IndiaNews #February2023 #RBIDecision #EconomicPolicy #IndiaGrowth #IndianCentralBank #FinancialNews
