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RBI holds repo rate at 6.5 per cent for 7th consecutive time
Updated On: 06 April, 2024 05:57 AM IST | Mumbai | Agencies
EMIs on home and auto loans likely to remain stable; RBI retains growth and inflation forecast
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RBI Governor Shaktikanta Das with deputy governors at the RBI headquarters on Friday. Pic/PTI
The Reserve Bank of India on Friday kept the benchmark interest rates unchanged at 6.5 per cent for the seventh time in a row, citing concerns over food inflation in view of IMD’s prediction of above-normal maximum temperatures during April to June.
As RBI has held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time. The central bank has kept interest rates unchanged since February 2023.
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