RBI keeps repo rate unchanged at 6.50%

RBI keeps repo rate unchanged at 6.50%: The Reserve Bank of India (RBI) has announced its bimonthly monetary policy and kept the repo rate unchanged at 6.50%.

April 2023 Current Affairs Quiz

The GDP is expected to jump 6.5% in the current financial year. Retail inflation is expected to moderate to 5.2% in FY2023-24.

The standing deposit facility (SDF) would remain unchanged at 6.25%, and the MSF rate and the bank rate at 6.75%. In Q1FY24, CPI-based inflation is expected to be 5.1%. The real GDP growth in 2022-23 was 7%.