Breaking News
Ram Gopal Verma: राम गोपाल वर्मा को हुई तीन महीने की जेल, गैर-जमानती वारंट जारी, जानिए क्या है मामला
Amid geopolitical uncertainiities, European Commission President Ursula von der Leyen to Visit India
बेटे की संगीत कार्यक्रम में जमकर नाचे बृजमोहन अग्रवाल, सोशल मीडिया पर हो रहे हैं वायरल, देखें वीडियो
CG Election 2025 : रायपुर में सभी लाइसेंसी हथियार धारकों के लाइसेंस निलंबित, शस्त्र जमा करने के आदेश
Create your Account
RBI Keeps Repo Rate Unchanged at 6.5%, Prioritizes Inflation Control and Growth Stability
Amid rising inflation and slowing GDP growth, the Reserve Bank of India (RBI), in its latest monetary policy review on Friday, announced that the repo rate will remain unchanged at 6.5%. The decision was made with a 4:2 majority by the six-member Monetary Policy Committee (MPC), chaired by RBI Governor Shaktikanta Das.
This marks the 10th consecutive time the central bank has kept the repo rate steady since February 2023.
Key Highlights of the Policy Announcement
Repo Rate: Unchanged at 6.5%.
Standing Deposit Facility (SDF) Rate: Retained at 6.25%.
Marginal Standing Facility (MSF) Rate and Bank Rate: Maintained at 6.75%.
Governor Das emphasized the dual focus of the central bank: controlling inflation and maintaining economic growth. "Price stability remains paramount, but fostering growth is equally critical," Das stated during the policy briefing.
Economic Backdrop
India’s economy is facing challenges from slowing growth and persistent inflation:
GDP Growth: The economy expanded at just 5.4% in the July-September quarter, the lowest in nearly two years, compared to an 8.1% growth during the same period in the previous fiscal year.
Manufacturing and Mining: These sectors have been underperforming, contributing to the subdued GDP numbers.
The central bank is navigating a delicate balance, aiming to curb inflation without hampering growth.
Governor Das’s Final MPC Meeting This policy announcement comes as Governor Shaktikanta Das chairs the last MPC meeting of his current term, which concludes on December 10. The meeting began on December 4, with the policy decisions unveiled on December 6 at 10:00 am, as announced earlier by the RBI.
Inflation and Growth: RBI's Focus
Governor Das reiterated the RBI’s mandate of inflation control and economic stability, aligning with the Reserve Bank of India Act. He stated: “The goal is to keep prices stable while ensuring sustainable economic growth. Both are equally vital for a healthy economy.”
The RBI’s decision to hold rates steady reflects its cautious approach amid global uncertainties and domestic economic challenges.
What Lies Ahead?
With GDP growth slowing and inflationary pressures persisting, experts believe the RBI’s stance signals a wait-and-watch approach. The central bank is expected to monitor external risks and domestic economic indicators closely before making further policy adjustments.
For borrowers and businesses, this means continued high EMIs as the central bank prioritizes price stability over immediate rate cuts.
Related Posts
More News:
- 1. मध्य प्रदेश भोज मुक्त विश्वविद्यालय में राष्ट्रीय युवा दिवस के अवसर पर कार्यक्रम संपन्न
- 2. सीजी शराब घोटाला: 2000 करोड़ के घोटाले में मंत्री कवासी लखमा की क्या है भूमिका, ईडी ने क्या बताया
- 3. पत्रकार मुकेश चंद्राकर की हत्या के मामले में चार आरोपी गिरफ्तार, पत्रकारों का गुस्सा फूटा
- 4. ISKCON Priest Chinmoy Krishna Das' Bail Hearing: A Pivotal Moment for Religious Freedom in Bangladesh
Leave a Comment
Your email address will not be published. Required fields are marked *
Popular post
Live News
Latest post
You may also like
Subscribe Here
Enter your email address to subscribe to this website and receive notifications of new posts by email.