\u00a0<\/p>\n
Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das is announcing the Monetary Policy Committee (MPC) decisions.<\/p>\n
RBI Governor Shaktikanta Das said, \u201cThe Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains at 6.25%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%.\u201d<\/p>\n
The MPC has been convening in Mumbai this week to deliberate on key policy decisions. This comes as food inflation has been a persistent concern, with urban areas experiencing a 1.03 per cent rise while rural areas seeing a 0.59 per cent increase in April, leading to a combined national food inflation increase of 0.74 per cent. The decision comes amid robust growth momentum as retail inflation hit an 11-month low in April 2024 at 4.83 per cent. The number has remained within RBI\u2019s tolerance band of 2-6 per cent.<\/p>\n
The six-member monetary policy committee is expected to retain its stance and likely to maintain its projections of 7% gross domestic product growth and 4.5% average inflation in the financial year through March 2025.<\/p>\n<\/p><\/div>\n
\n\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t<\/p><\/div>\n
[ad_2]
<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] \u00a0 Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das is announcing the Monetary Policy Committee (MPC) decisions. RBI Governor Shaktikanta Das said, \u201cThe Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains […]<\/p>\n","protected":false},"author":1,"featured_media":28767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-28766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/06\/Repo-rate-unchanged-at-6.5-for-eighth-consecutive-time.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=28766"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28766\/revisions"}],"predecessor-version":[{"id":28768,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28766\/revisions\/28768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/28767"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=28766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=28766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=28766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}