The RBI’s Monetary Policy Committee (MPC) announced the status quo on the benchmark repo rate at 6.5% for the eighth consecutive time, with a 4:2 majority vote. Despite raising GDP growth forecasts to 7.2%, concerns persist over sticky inflation. Industry reactions are mixed: Muthoot Finance lauds the cautious stance, while PGIM India Mutual Fund expects potential easing. Real estate leaders like Sterling Developers and Knight Frank India welcome the stability, foreseeing positive market sentiment. Kotak Mahindra Life Insurance describes the outcome as expected, emphasizing the RBI’s focus on CPI targets.
RBI Keeps Repo Rate Unchanged, Maintains ‘Withdrawal of Accommodation’ Stance
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