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RBI MPC:  Repo rate unchanged at 6.5% for 2nd straight meeting

The Reserve Bank of India kept the repo rate unchanged at 6.5 percent in their June policy review.

The standing deposit facility, Marginal standing facility and Bank Rates were also kept unchanged.


RBI governor Shaktikanta Das noted that domestic macro fundamentals are strengthening.

GDP growth in 2022-23 is higher than anticipated.

RBI has increased the repo rate by a total of 250 basis points since May.

CPI inflation print for March-April has corrected and come in below RBI’s upper tolerance threshold of 6 percent.

India’s retail inflation for April eased to an 18-month low of 4.70 percent.

RBI stated that the headline inflation is expected to remain above 4 percent throughout FY24.


RBI is taking a pause after consecutive rate hikes in 6 previous policies.

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RBI MPC: Repo rate unchanged at 6.5% for 2nd straight meeting

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent for the second straight meeting in the June policy given the significant correction in the CPI inflation trajectory.

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