Outlook Business Desk
RBI MPC has kept repo rate unchanged for the 7th consecutive time at 6.5%.
RBI MPC projected that inflation will be at 4.5% in the financial year 2025.
MPC has decided to keep standing deposit facility rate at 6.25%. Marginal standing facility and bank rates will remain at 6.75%.
Das said strong rabi crop production and good monsoon prediction will aid rural consumption. This is expected to boost growth in FY25
RBI has projected 7% GDP growth in the current financial year. As per estimates, last financial year saw 7.6% GDP growth