RBI Financial Coverage: Central financial institution holds repo charges for the eleventh consecutive time at 6.5%

The Reserve Financial institution of India (RBI) determined to keep up the coverage repo fee at 6.5%, holding it regular for the eleventh consecutive time. This choice was made throughout the RBI’s bi-monthly financial coverage assembly, which concluded on December 6, 2024. 

The Financial Coverage Committee (MPC) voted in favour of the choice with a 4:2 majority. The MPC additionally selected to proceed with a “impartial” stance.

In his tackle, RBI Governor Shaktikanta Das stated the final mile of inflation is popping out to be extended and arduous. In consequence, the central financial institution raised its inflation projection for the fiscal 12 months 2024-25 (FY25) whereas additionally lowering its progress forecast.