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RBI keeps repo rate unchanged at 6.5%, reduces GDP growth forecast for FY25

The Reserve Bank of India maintains the repo rate at 6.5 percent and revises GDP growth for FY25 down to 6.6 percent. Inflation forecast is raised to 4.8%.

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The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the 11th consecutive time, continuing with its neutral monetary policy stance. The decision, made by a 4-2 majority during the Monetary Policy Committee (MPC) meeting on Friday, aims to keep inflation within target levels while supporting economic growth.

Governor Shaktikanta Das, addressing the media, stated that as a result of the decision, the Standing Deposit Facility (SDF) rate remains at 6.25%, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75%. This policy move reflects the RBI’s cautious approach in balancing inflation control and economic expansion.

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