Brief by Shorts91 Newsdesk / 06:13am on 05 Apr 2024,Friday India
The Reserve Bank of India (RBI) has opted to keep the key repo rate unchanged at 6.5% amid its focus on curbing inflation. The decision, marking the seventh consecutive hold on key policy rates, was endorsed by the Monetary Policy Committee (MPC). RBI Governor Shaktikanta Das cited a 5 to 1 majority vote in favor of maintaining lending rates stable. The move aligns with economists' expectations, emphasizing the central bank's commitment to achieving the 4% inflation target while sustaining economic growth. Analysts anticipate a cautious approach, considering uncertainties in global markets and food inflation concerns.
