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Just In: RBI keeps repo rate unchanged at 6.50%

06 Apr 2023 Evaluate

The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) in its first bi-monthly policy for FY24 has unanimously decided to keep repo rate unchanged at 6.50%, after six repo rate hikes in a row. The standing deposit facility rate remained unchanged at 6.25% and the central bank has decided to remain focused on withdrawal of accommodation. On the growth front, the central bank has projected GDP growth at 6.5% for FY24.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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