No Change In RBI Repo Rate: What It Means For Your Monthly EMIs

Wednesday, 9 October 2024Newsdesk

RBI Monetary Policy Meeting: Despite global market movements and the US Federal Reserve's recent 50-basis-point rate cut, RBI Governor Shaktikanta Das confirmed the decision to keep the rate unchanged

New Delhi 09 October 2024

As per news report of NDTV,The Reserve Bank of India's Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth time overall. Despite global market movements and the US Federal Reserve's recent 50-basis-point rate cut, RBI Governor Shaktikanta Das confirmed the decision to keep the rate unchanged.

Source - NDTV