By Malvika Gurung
Investing.com -- The Monetary Policy Committee (MPC) of RBI left the repo rate unchanged at 6.5% on June 8, 2023, for the second time in a row, at the second bi-monthly monetary policy meeting of the financial year 2023-24.
The central bank’s benchmark rate-setting panel has unanimously voted to leave the repo rate unchanged at 6.5%, said RBI Governor Shaktikanta Das.
The monetary policy committee shall remain focused on the ‘Withdrawal of Accommodation’ stance to tackle inflation. It shall not hesitate to take further action as required in future meetings, clarified the RBI Governor.
Since May 2022, RBI MPC has hiked the benchmark interest rate six times to a size of 250 basis points.
The central bank’s decision on Thursday is in line with Investing.com's forecast of the repo rate remaining at 6.5% at the June policy meeting.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.