RBI holds repo 6th time in row at 6.5%
Thursday, 8 February 2024
RBI maintains rates but surprises with a 7% growth projection for 2024-25. Governor Das highlights incomplete transmission of rate increases and persistent inflation challenges. MPC votes 5:1 to hold repo rate at 6.5%, emphasizing gradual withdrawal of accommodation. Global growth remains steady but Red Sea crisis adds uncertainty. India's economic momentum expected to continue.
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