In the latest RBI Monetary Policy announcement today (8 February), the repo rate has been maintained at 6.5 per cent, marking the sixth consecutive time the rate remains unchanged.
Governor Das highlighted that the Monetary Policy Committee (MPC) voted with a 5-to-1 majority to retain the repo rate.
Shaktikanta Das, while addressing the media, projected the real GDP growth for FY24 at 7.3 per cent.
He emphasized that domestic economic activity remains robust, marking the third successive year of growth above 7 per cent.
Meanwhile, Despite challenges, agricultural activity continues to perform well, with robust Rabi sowing indicating resilience in the sector, mentioned RBI Governor Shaktikanta Das.
He also said that the momentum of economic activity is expected to sustain in FY25, reflecting the overall optimism in the economic outlook.
Nayan Dwivedi is Staff Writer at Swarajya.
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