RBI Hikes Repo Rate By 25 Basis Points To 6.5%, Maintains ‘Withdrawal Of Accommodation’ | CNBC-TV18

The Reserve Bank of India today announced repo rate increase by 25 basis points to 6.5 %. The decision was announced by RBI Governor Shaktikanta Das. MPC decision was by 4 out of 6 majority. Amid volatile global developments, Indian economy remains resilient, Das said. The Monetary Policy Committee (MPC) in its February meeting has pegged real GDP growth for FY24 at 6.4% while growth for FY23 has been pegged at 7%. The MPC has forecast Q1FY24 growth at 7.8%, Q2 at 6.2%, Q3 at 6% and Q4 at 5.8%. #rbimonetarypolicy #rbiratehikes #shaktikantadas #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday Read Web copy: https://www.cnbctv18.com/economy/rbi-... https://www.cnbctv18.com/photos/econo... https://www.cnbctv18.com/economy/rbi-... https://www.cnbctv18.com/economy/rbi-... About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ n18oc_business