RBI not expected to cut benchmark interest rate at June 5-7 monetary policy review meeting due to inflation and economic growth.
Experts expect the Reserve Bank of India (RBI) to not cut the benchmark interest rate at its upcoming monetary policy review meeting, set for June 5-7. This decision is due to inflation challenges and economic growth picking up despite the 6.5% repo rate, which has been in place since February 2023. If the interest rate remains unchanged on June 7, it would be the eighth time the RBI maintains the rate. The central bank last hiked the repo rate in February 2023 and has kept it steady in six bi-monthly policies since then.
June 02, 2024
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