Shakikanta Das is continuing the same repo rate.
The Reserve Bank of India decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation.
The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent.
Shakti said the MPC will remain “actively disinflationary”.According to him, the growth projection has been raised to 7 per cent for the current financial year from 6.5 per cent earlier.
The central bank projected the Consumer Price-based Inflation (CPI) based retail inflation at 5.4 per cent for the current fiscal.
