RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers
RBI Monetary Policy LIVE UpdatesThe recent Lok Sabha elections have further bolstered economic sentiment, enhancing investor confidence through political stability and consistent economic policies.RBI Governor Shaktikanta Das recently announced this fiscal year's second bi-monthly monetary policy, stating that the Monetary Policy Committee (MPC) has opted to maintain the repo rate at 6.5 percent.He noted that the MPC will closely monitor elevated food inflation, especially considering the anticipated normal monsoon.Additionally, the RBI revised its growth forecast for the current fiscal year to 7.2 per cent, up from the previous estimate of 7 per cent.The government has directed the RBI to aim for CPI inflation of 4 percent with a deviation allowance of 2 percent on either side.The cycle of rate increases, which saw six consecutive hikes totalling 250 basis points since May 2022, was halted in April last year.Milestone Alert!
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