RBI retains repo rate at 6.5%

Published By : Prameya News Bureau | February 08, 2024 IST

Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 percent

Chennai, Feb 8: Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 percent.

The repo rate is the rate at which the RBI lends to commercial banks.

Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Thursday that the committee decided to keep the repo rate at 6.5 percent.

The MPC also decided not to change its stance from 'withdrawal of accommodation'.

The MPC met on February 6-8.

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