RBI Governor voted in favour of maintaining the repo rate during the MPC meeting, minutes released
MPC Minutes: The Reserve Bank had kept the repo rate intact given inflation concerns after the three-day meeting of the Monetary Policy Committee (MPC) earlier this month. It has been kept unchanged at 6.5 per cent from February 2023. On Friday, the central bank released the minutes of the MPC.
Muskan 
RBI Governor Shaktikanta Das was in favour of keeping the interest rate unchanged during the MPC meeting earlier this month. While voting to keep the repo rate on hold, he stressed that the GDP projections for 2024-25 indicate the RBI to keep an eye on price stability. The Reserve Bank released the minutes of the MPC meeting on Friday, in which this has been confirmed.
After the three-day meeting of the Monetary Policy Committee (MPC) earlier this month, the Reserve Bank maintained the repo rate due to concerns about inflation. Since February 2023, it has remained constant at 6.5%. Six MPC members supported maintaining the policy rates as they were stated in the minutes. On the other hand, since higher interest rates impede growth, MPC member Jayant R. Verma had argued for a 25 basis point reduction in the repo rate.
