RBI MPC Outcome: RBI MPC maintained status quo on repo rate at 6.50%

February 8, 2024 Business Desk

Keeps repo rate unchanged for the sixth consecutive time

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The Monetary Policy Committee also decided by a 5:1 majority to remain focused on "withdrawal of accommodation.

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Marginal Standing Facility (MSF) remains unchanged at 6.75%

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Standing Deposit Facility (SDF) rates remained unchanged 6.25%

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Momentum in domestic economic activity continues to remain strong: RBI Governor

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Inflation has softened considerably, will soften further in 2024: RBI Governor

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Seeing Signs of recovery in global trade: RBI Governor

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