November 05, 2024 18:07 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
RBI increases repo rate to 6.5 pct
RBI Repo Rate
Image Credit: Twitter videograb

RBI increases repo rate to 6.5 pct

| @indiablooms | 08 Feb 2023, 10:20 am

Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.

This is the first Monetary Policy Statement issued in 2023.

Announcing the policy, RBI governor, Shakti Kanta Das said, the repo rate is considered appropriate at this juncture.

He said RBI sees FY 24 GDP growth at 6.4 pc.

Amid volatile global development, Indian economy remains resilient, Mr Das said.

The MPC decided 4: 2 vote to remain focussed on withdrawal of accomodate policy.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.