Mumbai (Maharashtra), April 6 -- : The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday.
The central bank conducts six bi-monthly reviews of its monetary policy in a financial year.
Five out of six members of MPC voted to remain focused on the policy stance of 'withdrawal of accommodation' to ensure inflation aligns with the target while focusing on growth, RBI Governor Shaktikanta Das said at the post-meeting remarks.
Shaktikanta Das-headed Monetary Policy Committee (MPC) conducted its three-day meeting on April 3, ...