RBI keeps repo rate unchanged at 6.5%

By Prateek Talukdar

Oct 06, 2023

10:26 am

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What's the story

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5%, RBI Governor Shanktikanta Das announced on Friday after the central bank's Monetary Policy Committee's (MPC) meeting.

This is the fourth consecutive time the RBI has maintained the status quo. The RBI is expecting headline inflation to ease further in September. However, Das said the overall inflation outlook is uncertain.

Twitter Post

Here's the RBI Governor's announcement

#WATCH | RBI Governor Shaktikanta Das says, "...After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5%" pic.twitter.com/H15Muuo97q

— ANI (@ANI) October 6, 2023