RBI's Monetary Policy Committee Unanimously Votes To Keep Repo Rate Unchanged At 4%: Highlights

On April 8, the Reserve Bank of India announced that it has maintained the status quo and kept the repo rate unchanged at a record low at 4 per cent. This is the first time the central bank has held the RBI policy meeting since the Russia-Ukraine Crisis. Since March 2020, the RBI has kept the key interest rates unchanged.

On April 8, the Reserve Bank of India announced that it has maintained the status quo and kept the repo rate unchanged at a record low at 4 per cent. This is the first time the central bank has held the RBI policy meeting since the Russia-Ukraine Crisis. Since March 2020, the RBI has kept the key interest rates unchanged. RBI has pegged real GDP growth for the current financial year at 7.2 per cent, whereas inflation is pegged at 5.7 per cent for FY23.