TN: PM Modi takes on DMK govt for 'China rocket' in newspaper Ad, says 'insulted scientists, people's tax money'
Karnataka CM Siddaramaiah says voice samples sent to FSL, as BJP protests alleged pro-Pakistan slogans by Congress cadre
"Tamil Nadu is writing new chapter of progress," PM Modi unveils development projects worth Rs 17,300 cr in Thoothukudi
Karnataka BJP protests alleged Pro-Pakistan slogans in Congress celebration, Minister Priyank Kharge refutes claim
PM Modi receives 67 kg turmeric garland, handmade shawl and replica of Jallikattu Bull as gifts from people of Tamil Nadu
RBI retains repo rate at 6.5 pc for sixth consecutive time
Mumbai: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation.
The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022.
Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das on Thursday said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.
He said MPC will remain watchful of food inflation so that the benefits gained are not frittered away.
This is the first bi-monthly policy following presentation of Interim Budget 2024-25 last week.
In December, the Consumer Price-based Inflation (CPI) stood at 5.69 per cent.
The government has mandated RBI to ensure CPI inflation at 4 per cent with a margin of 2 per cent on either side.