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On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 8, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing depos
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FAQ :
The Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50 per cent.
The decision was made at the MPC's meeting on December 8, 2023.
The objective is to ensure that inflation progressively aligns to the target of 4 per cent, while simultaneously supporting economic growth.
The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate remain unchanged at 6.75 per cent.
The RBI projects real GDP growth for 2023-24 at 7.0 per cent.
CPI inflation is projected at 5.4 per cent for 2023-24.
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