Quick Summary
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (June 7, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on wi
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FAQ :
The policy repo rate has been kept unchanged at 6.50 per cent by the Monetary Policy Committee.
The RBI has elevated its Gross Domestic Product (GDP) growth outlook for the fiscal year 2024-25 to 7.2 per cent.
The RBI remains focused on withdrawing accommodation to ensure inflation progressively aligns with the target, while simultaneously supporting economic growth.
Real GDP growth for 2023-24 was placed at 8.2 per cent.
The next meeting of the Monetary Policy Committee is scheduled to take place from August 6 to 8, 2024.
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