Chennai, December 8: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has not made any change in the repo rate and kept it constant at 6.5 percent. Economists had expressed similar expectations. The Monetary Policy Committee (MPC) held a three-day meeting from December 6 to 8 and after this, on Friday, RBI Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) took a unanimous decision to maintain the repo rate at 6.5 percent. Is.
He further said that five out of six MPC members voted in favor of continuing the accommodative stance towards monetary policies.
RBI Governor Shaktikanta Das said that the MPC has estimated the GDP growth rate to be seven percent in the financial year 2023-24, keeping in mind the economic factors.
Keeping in mind the domestic issues, the committee has estimated the retail inflation rate to be 5.4 percent for 2023-24.
RBI Governor Shaktikanta Das further said that uncertainty is also likely to persist due to the geopolitical situation and the Monetary Policy Committee (MPC) is cautious. If necessary, necessary action will also be taken by MPC.
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