RBI policy News: The repo rate remains at 6.5%

RBI has just concluded its latest policy meeting.

Here’s everything in short:

1. Interest Rates

• The repo rate remains at 6.5%

2. Economic Outlook

• GDP growth for 2024-25 is expected to be 7.2%
• Inflation is projected at 4.5% for this financial year

3. Growth

• Services sector is booming
• Government spending on infrastructure
• Signs of more private investment

4. Next

• No rate cut this time, but some experts think we might see one in October
• Next meetings are in October, December and February


Steady rates can help keep inflation in check.

It affects everything from your loans to your savings.

The RBI is trying to keep prices stable and also support growth. It’s a tricky job!

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Thanks for reading.