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RBI retains repo rate at 6.5 per cent for fifth time in a row
Updated On: 08 December, 2023 12:22 PM IST | Mumbai | mid-day online correspondent
The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022
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RBI Governor Shaktikanta Das
The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation.
The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
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