RBI keeps the repo rate at 6.50% and projects 7% growth for FY25
What happened. On 5 April 2024 the Monetary Policy Committee left the repo rate unchanged for the seventh consecutive meeting, projected FY25 GDP growth at 7.0% and CPI inflation at 4.5%.
Why it matters for investors. Rates have been on hold since February 2023. The committee said the final leg of disinflation would need caution, particularly on food prices.
Event date: 5 Apr 2024. Source: Reserve Bank of India, Monetary Policy Statement.
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