RBI maintains repo rate at 6.5% to preserve inflation control and align with a 4% target.
RBI Governor Shaktikanta Das stresses the need to preserve success in controlling inflation and take it forward towards aligning with a 4% target on a durable basis. Despite concerns over geopolitical developments and food inflation risks, the MPC decided to maintain the repo rate at 6.5% to avoid disrupting the disinflation process. The RBI projects inflation moderating to 4.5% in 2024-25 from 5.4% in 2023-24 and 6.7% in 2022-23.
April 19, 2024
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