Monday, May 29, 2023

Public Portal Access Please Login/Register

This page is restricted. Please Login / Register to view this page.
HomeBusinessRBI keeps repo rate unchanged at record low of 4% for 8th...

RBI keeps repo rate unchanged at record low of 4% for 8th time in a row, Retail inflation projection cut to 5.3% from 5.7%

The RBI’s Monetary Policy Committee (MPC) on Friday decided to maintain its “accommodative stance” and keep the repo rate unchanged at a record low of 4% and reverse repo rate at 3.35%. The rates were also left unchanged during the last MPC meeting in August 2021. This is the eighth straight time that repo rate has been unchanged at 4%.

The Reserve Bank of India (RBI)  revised the estimate for retail inflation, which is measured by the Consumer Price Index (CPI), for 2021-22 to 5.3%. It had earlier projected retail inflation to be at 5.7%. CPI inflation during July-August has “turned out to be lower than anticipated”, RBI Governor Shaktikanta Das said while announcing the monetary policy.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments