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In line with market expectations, the Reserve Bank of India (RBI) maintained its benchmark interest rate (repo rate) at 6.5%.

Standing Deposit Facility and Marginal Standing Facility rates are also left unchanged at 6.25% and 6.75%, respectively.

In the second and third bi-monthly policy in June and August, the RBI maintained its benchmark rate at 6.5%.

The RBI has made some adjustments to its CPI inflation projections in its fourth bi-monthly policy. 

For Q2FY24, the projection has been revised upward to 6.4% from the previous estimate of 6.2%. 

In contrast, for Q3FY24, the projection has been slightly lowered to 5.6% from 5.7%.

Looking ahead to the first quarter of the fiscal year 2024–25, the RBI maintains its inflation forecast at 5.2%. 

During the month of August, retail inflation eased to 6.83% from 7.44% in July.

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RBI's fourth bi-monthly policy


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RBI keeps repo rate unchanged at 6.5%

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RBI keeps repo rate unchanged at 6.5%

The RBI has made some adjustments to its CPI inflation projections. For Q2FY24, the projection has been revised upward to 6.4% from the previous estimate of 6.2%. In contrast, for Q3FY24, the projection has been slightly lowered to 5.6% from 5.7%.

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