Mumbai: RBI has left the repo rate unchanged this time. There has been no change in the repo rate in the last four credit policy meetings. The RBI’s credit policy meeting decided to keep the repo rate at 6.5 percent in the context of low inflation and economic growth. RBI Governor Shaktikanta Das informed that the credit policy committee reached this decision unanimously.
Although inflation is under control at present, RBI is trying to avoid the situation of inflation and move forward. The tightening policy to reduce liquidity in the market continues. From May 2022 to February 2023, the repo rate was increased six times in a row.
