Highlights

  • Reserve Bank of India monetary policy committee left the repo rate unchanged at 6.5%
  • Rates left unchanged for 8th time
  • Maintains withdrawal of accommodation stance

Latest news

DPS RK Puram, Faridabad Shine in Oriental Cup 2025

DPS RK Puram, Faridabad Shine in Oriental Cup 2025

Aamir Khan's 'Sitaare Zameen Par' Launches on YouTube Movies

Aamir Khan's 'Sitaare Zameen Par' Launches on YouTube Movies

Jamshedpur FC Triumphs: Defeats Indian Army in Durand Cup

Jamshedpur FC Triumphs: Defeats Indian Army in Durand Cup

KKR Parts Ways with Coach Chandrakant Pandit After 2025 IPL Season

KKR Parts Ways with Coach Chandrakant Pandit After 2025 IPL Season

Syrian Refugees Begin Return from Lebanon with UN Support

Syrian Refugees Begin Return from Lebanon with UN Support

Manhattan Shooting: Four Dead, Including Off-Duty Officer

Manhattan Shooting: Four Dead, Including Off-Duty Officer

Iñaki Williams: Athletic Bilbao's First Black Captain Amid Rising Far-right Ideologies

Iñaki Williams: Athletic Bilbao's First Black Captain Amid Rising Far-right Ideologies

Poland Arrests 32 Suspected Saboteurs Tied to Russia

Poland Arrests 32 Suspected Saboteurs Tied to Russia

RBI Credit Policy: Repo rate unchanged at 6.5% for 8th time in a row

This is the eighth time in a row that the RBI monetary policy committee has maintained status quo on the interest rates keeping it unchanged at 6.5%

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      RBI Monetary Policy Meet June 2024: In its first credit policy meeting after the Lok Sabha election results were announced, the Reserve Bank of India Monetary Policy Committee has kept the repo rate unchanged at 6.5% for the eighth time in a row.

      The MPC has also maintained the withdrawal of accommodation stance which means the RBI has decided to reduce the money supply in the system to rein in inflation.

      Repo rate unchanged

      The RBI had increased the repo rate in the last quarter of FY23 by 25 basis points under the liquidity adjustment facility. Since then the interest rate has been kept unchanged. The RBI has also maintained the SDF rate at 6.25% and MSF rate at 6.75%.

      Meanwhile, SBI in its research analysis suggested that the RBI's initial rate reduction is anticipated in Q3FY25. It expects the ensuing rate cut cycle to be modest in scale, aimed at bolstering liquidity.

      Economic Projections

      GDP growth for 2024-25 has been projected at 7.2%. RBI projects Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, Q4 at 7.2% with risk even balanced. The CPI inflation for the same period is projected at 4.5%, assuming normal monsoon. RBI projects retail inflation in Q1 of FY25 at 4.9%, Q2 at 3.8%, Q3 at 4.6%, and Q4 at 4.5%.

      RBI governor Shaktikantha Das also expressed concerns over elevated inflation while assuring that RBI remains committed for aligning inflation to 4% on a durable basis

      For the final quarter of FY24, GDP has grown 7.8%. For the full year of FY24, GDP has been pegged at a strong 8.2% as compared to a growth rate of 7% in FY2022-23.

      Also watch: RBI Credit Policy: Repo rate unchanged at 6.5% for 7th time in a row

      RBI Monetary Policy

      ADVERTISEMENT

      Up Next

      RBI Credit Policy: Repo rate unchanged at 6.5% for 8th time in a row

      RBI Credit Policy: Repo rate unchanged at 6.5% for 8th time in a row

      Global stock market indices: How the world markets performed today - 28 July 2025

      Global stock market indices: How the world markets performed today - 28 July 2025

      Indian stock market sector-wise performance today - July 28, 2025

      Indian stock market sector-wise performance today - July 28, 2025

      Top 5 Nifty 50 gainers today – July 28, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – July 28, 2025: Biggest stock moves

      NSE Nifty 50: Top 5 stock losers of July 28, 2025

      NSE Nifty 50: Top 5 stock losers of July 28, 2025

      India-UK pact boosts MSMEs, exports, jobs

      India-UK pact boosts MSMEs, exports, jobs

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      India-UK FTA shields farmers, boosts exports

      India-UK FTA shields farmers, boosts exports

      Global stock market indices: How the world markets performed today - 24 July 2025

      Global stock market indices: How the world markets performed today - 24 July 2025

      India, UK sign CETA: Aiming to double trade by 2030

      India, UK sign CETA: Aiming to double trade by 2030

      India, UK to unveil mega roadmap to boost ties, ink landmark FTA

      India, UK to unveil mega roadmap to boost ties, ink landmark FTA

      Global stock market indices: How the world markets performed today - 22 July 2025

      Global stock market indices: How the world markets performed today - 22 July 2025

      NSE Nifty 50: Top 5 stock losers of July 22, 2025

      NSE Nifty 50: Top 5 stock losers of July 22, 2025

      Top 5 Nifty 50 gainers today – July 18, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – July 18, 2025: Biggest stock moves

      EU imposes sanctions on Rosneft's India refinery, lowers oil price cap

      EU imposes sanctions on Rosneft's India refinery, lowers oil price cap

      Global stock market indices: How the world markets performed today - 16 July 2025

      Global stock market indices: How the world markets performed today - 16 July 2025

      Indian stock market sector-wise performance today - July 15, 2025

      Indian stock market sector-wise performance today - July 15, 2025

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.