RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
The Monetary Policy Committee (MPC) on April 5 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the 7th time that the rates have been kept on hold. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the…