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RBI retains repo rate at 6.5 pc for sixth consecutive time

RBI retains repo rate at 6.5 pc for sixth consecutive time
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Mumbai, Feb 8 (PTI) The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on 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 bi-monthly monetary policy, RBI Governor Shaktikanta Das on Thursday said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.


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