Bharat Express

Repo Rate

On Wednesday, the RBI's MPC decided to maintain the repo rate at 6.5% and upheld its GDP growth forecast for India at 7.2% for FY25.

Experts expect the RBI to maintain the repo rate as its Monetary Policy Committee begins a three-day meeting amid global uncertainties.

In a move to sustain economic growth while keeping inflation in check, the RBI opted to maintain the key policy repo rate at 6.5%.

RBI Governor remarked that the future appears promising for agriculture and rural activities. He emphasized that the strengthening of rural demand and improvements in employment conditions are anticipated to stimulate private consumption.

In Asian markets, Seoul and Hong Kong closed higher, while Tokyo closed lower

According to Shaktikanta Das, the current fiscal year's growth target remains at 6.5 percent with risks evenly balanced..

The RBI in its April meeting too had paused the repo rate. The repo rate is the rate of interest at which RBI lends to other banks.

The benchmark lending rate at the Reserve Bank of India has been unanimously decided to remain at 6.5 per cent.

HDFC Bank increases lending rates, loan repayment burden to rise

Public Sector Banks Gain Edge Over Private Banks in Interest Rate Hike