Finance Minister meets RBI Central Board, confirms 6.5% repo rate, 7.2% growth projection.

Finance Minister Nirmala Sitharaman met with the RBI's Central Board of Directors in New Delhi, following the Lok Sabha's passage of the finance bill with amendments. The meeting discussed budget provisions and the economic situation, with Sitharaman expressing confidence in the Union Budget 2024-25. The RBI maintained the repo rate at 6.5% for the ninth consecutive time, anticipating a 7.2% growth rate for the fiscal year 2024-25.

August 10, 2024
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