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RBI keeps interest rate unchanged at 6.5 pc for sixth consecutive time

Press Trust of india by Press Trust of india
February 8, 2024
in Latest News
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Rescue acts, growth measures dominate RBI’s platter in 2020; new inflation target awaited in new year
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MUMBAI: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row in view of global uncertainty and the need to bring down retail inflation to 4 per cent.

Following RBI’s decision to maintain status quo, banks and financial institutions will largely keep lending rates stable.

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RBI had last raised repo rate in February 2023 to 6.5 per cent after six consecutive rate hikes aggregating to 250 basis points since May 2022.

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