RBI Monetary Policy Live updates: MPC keeps repo rate unchanged at 6.5%; GDP growth projected at 7%, inflation at 5.4% for FY24

RBI MPC Meeting Live | RBI’s Monetary Policy News & Updates: RBI Monetary Policy Committee has kept the key policy repo rate unchanged at 6.5% by a unanimous decision. This is the fifth meeting on the trot that the MPC decided to maintain the status quo on the repo rate. The MPC last raised this rate by 25 bps to 6.50% at its meeting in February 2023. 5 out 6 MPC members voted in favour of withdrawal of accommodation, says RBI Governor. MPC is highly alert, prepared to take action as needed, Das added. The GDP growth projected at 7% for FY24. CPI inflation projected at 5.4% for FY24 with Q3 at 5.6% and Q4 at 5.2%. CPI inflation projected at 5.2% for Q1 FY25, 4% in Q2, 4.7% in Q3.