RBI opts for pause 2nd time in a row; keeps repo rate unchanged at 6.5%
PTI, Jun 8, 2023, 11:04 AM IST
The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates.
The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.
Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5 per cent.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Stock markets stage strong rebound after 4 days of slump, Sensex rallies 599 pts
PHF Leasing Limited raises $10 Mn through a mix of equity and debt
CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
Markets tank in early trade as Middle East tensions flare-up
Tesla shares tumble below $150 per share, giving up all gains made over the past year
MUST WATCH
Latest Additions
Feels good when you get most decisions right: KL Rahul
Rains bring respite from scorching heat in DK and Udupi
Man arrested for booking cab in Lawrence Bishnoi’s name, sending it to Salman’s residence
PM Modi to address public meetings in Bengaluru and Chikkaballapura today
BJP trying to impose Governor’s rule in Karnataka, claims Deputy CM Shivakumar