Reserve Bank of India holds policy rate
Governor says decision reflected need to tackle high inflation without stymying “resilient” growth
The Reserve Bank of India (RBI) has held the policy rate at 6.5%.
The decision was reached today (December 6) by a 4–2 majority of the bank’s monetary policy committee (MPC). The standing deposit facility rate also remains at 6.25%, while the marginal standing facility and the bank rate both remain at 6.75%.
In astatement, the RBI’s governor, Shaktikanta Das, said that although the outlook for growth in the second half of 2024 and next year was resilient, a sharp rise in food prices had caused
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