Brief by Shorts91 Newsdesk / 05:59am on 08 Feb 2024,Thursday India
The Reserve Bank of India (RBI) has chosen to keep its repo rate unchanged at 6.5 percent during its Monetary Policy Committee (MPC) meeting on February 8. This marks the sixth consecutive meeting where the central bank has opted for status quo, emphasizing the need for continued dis-inflationary measures amidst uncertain food prices and strong domestic activity. RBI Governor Shaktikanta Das highlighted expectations of steady global growth in 2024 and further moderation in inflation. The decision comes as retail inflation remains within the RBI's comfort zone of 4-6 percent. The committee aims to balance inflation targets with support for economic growth.
