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    Vikshita Vitthal Gujaran in News

    06-Apr-2023 02:43 PM


    Repo rate unchanged at 6.5%, RBI hits ‘pause only for this meet’

    While core inflation remained sticky, the Reserve Bank of India has kept the policy repo rate unchanged at 6.5% after six consecutive hikes, RBI governor Shaktikanta Das announced on Thursday after the monetary policy committee meeting.
    The RBI has marginally raised GDP growth projection for the next fiscal to 6.5 % from 6.4 %.
    Also read: RBI Monetary Policy Highlights: Travellers coming for G20 can use UPI India's current account deficit for the first three quarters of FY23 stood at 2.7% of GDP and is expected to remain moderate in the fourth quarter, too, added Das.
    The central bank has six bi-monthly reviews of its monetary policy in a year.

    Source - Hindustan Times