The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the key repo rate unchanged at 6.5%, focusing on the ‘withdrawal of accommodation’ to balance inflation and growth. This is the ninth consecutive meeting where the six-member MPC has opted to maintain the policy rate.
RBI Governor Shaktikanta Das stated that four out of six MPC members voted in favor of maintaining the repo rate at 6.5%. The standing deposit facility (SDF) rate remains at 6.25%, and the marginal standing facility (MCF) and the bank rate stay at 6.75%.
The central bank projects a real GDP growth of 7.2% for FY25 and an inflation rate of 4.5% for the same period. Dharmendra Raichura, VP & Head of Finance at Ashar Group, noted the importance of this decision for economic stability and its positive impact on long-term investments in the real estate sector.
