RBI Monetary Policy LIVE Updates: Repo Rate Unchanged at 6.5%, FY25 GDP Growth Forecast Raised to 7.2%
Introduction The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy of the financial year 2024-25, maintaining the benchmark repo rate at 6.5% for the eighth consecutive time. This decision, made by the six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das, underscores a continued stance of ‘withdrawal of accommodation’. Alongside this…