back to top
IndiaRBI flags inflation risks, keeps repo rate unchanged at 6.5 per cent

RBI flags inflation risks, keeps repo rate unchanged at 6.5 per cent


Mumbai, Apr 5: The Reserve Bank of on Friday decided to keep policy rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation.

The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022.

Announcing the first bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.

He said MPC will remain watchful of food inflation.

The six-member rate-setting panel by a majority vote of 5:1 favoured the status quo on interest rate, while maintaining focus on withdrawal of accommodative stance.

In February, the Consumer Price-based Inflation (CPI) stood at 5.1 per cent.

The government has mandated RBI to ensure CPI inflation at 4 per cent with a margin of 2 per cent on either side.

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:


More like this

Amazon Work from Home Jobs 2024: Apply Online for Manager Vacancy

Amazon Work from Home Jobs 2024: Amazon is hiring...

JKDMA forewarns of ‘extreme forest fire’ risk in next 7 days

Srinagar, May 23: Amid soaring temperatures, J&K Disaster Management...

As Original Implementer Of Article 370, Congress Best For J&K, Says Mir

SRINAGAR, May 23: Senior Congress leader Ghulam Ahmad Mir...

At 16, Kaamya Karthikeyan Becomes Youngest Indian To Scale Mt Everest

JAMSHEDPUR, May 23:  Kaamya Karthikeyan, a 16-year-old mountaineer, has...