RBI holds repo rate for 9th time in a row at 6.5%
Thursday, 8 August 2024
The RBI decided to keep policy rates unchanged for the ninth time, emphasizing the need to monitor inflation and support growth. The repo rate remains at 6.5%. Growth projections for FY25 are retained at 7.2%, but Q1FY25 has been revised to 7.1%. Banks have been advised to boost deposit mobilization.
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