RBI keeps repo rate unchanged for 8th consecutive time

The Reserve Bank of India (RBI) has not changed the interest rates for the eighth consecutive time. RBI has kept the interest rates unchanged at 6.5%. That is, loans will not become expensive and your EMI will also not increase. RBI last raised the rates by 0.25% to 6.5% in February 2023.

RBI Governor Shaktikanta Das gave information about the decisions taken in the Monetary Policy Committee (MPC) meeting going on from June 5 today i.e. Friday. This meeting is held every two months. RBI had not increased the interest rates in the meeting held in April before this.

RBI’s MPC has six members. It has both external and RBI officials. Along with Governor Das, RBI official Rajiv Ranjan serves as Executive Director and Michael Debabrata Patra is the Deputy Governor. Shashank Bhide, Ashima Goyal and Jayant R Verma are external members.

RBI raises GDP forecast, retains inflation forecast

• RBI raises GDP growth forecast for FY25 to 7.2%
• RBI retains inflation forecast for FY 2024-25 at 4.5%