RBI MPC meet: The Reserve Bank of India (RBI) governor Shaktikanta Das announced the Monetary Policy Committee’s (MPC) decision on interest rates after the two-day review meeting of the central bank’s Monetary Policy Committee (MPC), the rate-setting panel. The meeting commenced on April 3 and concluded today (April 5). In the first MPC announcement in Financial Year 2024-25 (FY25), RBI governor kept the repo rate unchanged at 6.5 per cent for seventh consecutive time.
The RBI maintained status quo on policy rates and stances in its last review, which was held in February 2024 but the decision was not unanimous and one member recommended a rate cut of 25 basis points.
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