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The Reserve Bank last hiked the repo rate to 6.5 per cent in February 2023.
The monetary policy stance continues to be ‘withdrawal of accommodation’; RBI MPC also keeps SDF unchanged at 6.25 per cent
The RBI’s monetary policy committee on Friday decided to keep the repo rate unchanged for the seventh time in a row, at 6.5 per cent. This is in line with the analysts’ expectations. The decision has been taken with 5 members in favour of the decision out of the total 6. The monetary policy stance continues to be ‘withdrawal of accommodation’.
The RBI MPC also kept the SDF unchanged at 6.25 per cent, and MSF and Bank Rates maintained at 6.75 per cent. The SDF is the lower band of the interest rate corridor, while the MSF is the upper band.
RBI Governor Shaktikanta Das on Friday presented the first bi-monthly monetary policy of FY25.
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