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RBI Monetary Policy update
June 8 , 2024
22 days
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- The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5% for the eight consecutive time.
- It also decided to continue with its stance of ‘withdrawal of accommodation’.
- RBI raised its GDP growth forecast for FY25 to 7.2% from 7% earlier.
- The central bank retained FY25 inflation forecast at 4.5%.
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