RBI Repo RateImage Credit: Twitter videograb
RBI increases repo rate to 6.5 pct
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.
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor - February 08, 2023 https://t.co/KGPgzXbpWN— ReserveBankOfIndia (@RBI) February 8, 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.
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