RBI MPC has once again kept the repo rate unchanged at 6.5 percent. After the MPC meeting, the RBI Governor said that the Indian economy has shown strength even in the environment of global uncertainty. The balance sheets of banks have shown strength. The MPC of the central bank has kept the repo rate unchanged at 6.5 percent. According to the RBI Governor, as a result, the Standing Deposit Facility Rate remains at 6.25% and the Marginal Standing Facility Rate and Bank Rate remain at 6.75%. RBI Governor has estimated GDP growth to be 7 percent in FY24.
