Friday, 6 October 2023 The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The RBI governor, Shaktikanta Das, stated that India is poised to be the new growth engine of the world. The RBI has maintained the repo rate at 6.5% since May 2022 to control rising prices. However, retail inflation stood at 6.83% in August, surpassing the RBI's acceptable threshold.
Benchmark equity indices Sensex and Nifty rallied for a second straight session on Friday after the Reserve Bank maintained the status quo on policy rates,... IndiaTimes
RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various... IndiaTimes
Friday, 6 October 2023
