RBI Forecast Robust 7.2% Real GDP Growth and 4.5% CPI Inflation for FY25
RBI governor Mr. Shaktikanta Das has unveiled the latest monetary policy decision on the benchmark interest rate
The decision is to keep the repo rate unchanged at 6.5 percent for an eighth straight policy meeting.
The repo rate decision garnered support from four out of six MPC members who had last changed the rates in February 2023.
In April, annual retail inflation exhibited a modest decline to 4.83 percent from March's 4.85 percent. However, it remained notably higher than the target set by the MPC.
As of May 31, India's foreign exchange reserves attained a historic peak, reaching $651.5 billion.
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