As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24.
As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues including potential agricultural produce.
Das also said uncertainty exists due to geopolitical situation, monsoon and others.
The MPC met on October 4-6.
Security tightened at Agartala airport amid India-Pakistan tensions
Airport Director Kailash Chander Meena informed that enhanced security protocols have been implemented at the MBB Airport, which is categorised as a hyper-sensitive installation due to its proximity to the Bangladesh border.
Congress takes out 'Jai Hind Tiranga Yatra' in NE to support 'Operation Sindoor'
As part of their nationwide programme, opposition Congress on Friday organised a 'Jai Hind Tiranga Yatra' in northeastern states in support of the Indian Army’s determined action under ‘Operation Sindoor’, targeting terror hideouts in Pakistan.
Operation Sindoor: PM Modi meets Rajnath Singh, NSA Doval and three service chiefs
In the backdrop of the ongoing ‘Operation Sindoor’, Prime Minister Narendra Modi chaired a high-level meeting attended by Defence Minister Rajnath Singh, National Security Advisor Ajit Doval, Chief of Defence Staff General Anil Chauhan, and Chiefs of the Armed Forces and senior officials.
11 more Bangladeshi nationals held in Tripura
The Tripura Frontier of the Border Security Force (BSF), jointly with state police, on Friday apprehended 11 more Bangladeshi nationals, including four women and four children, officials said.
Railway Protection Force tightens security in NFR zone
In response to escalating security challenges across the country, Railway Protection Force (RPF) of the Northeast Frontier Railway (NFR) has significantly strengthened its security protocols at stations, trains and railway premises, an official said on Friday.
India opposes IMF lifeline for Pakistan due to terror financing risk
India strongly opposed further financial assistance from the IMF to Pakistan at the executive board meeting held on Friday, expressing serious concerns over Islamabad’s track record and the fact that the bailouts were enabling the cash-strapped country to sponsor cross-border terrorism.
Sirens echo across Jammu as 'blasts' trigger blackout; CM Omar Abdullah posts urgent advisory on social media
Jammu city plunged into darkness late Friday evening after a series of blasts were heard across the region, prompting authorities to sound emergency alarms and urge citizens to stay indoors.
Enough rice, wheat, sugar, oil and pulses stock, no need to panic: Pralhad Joshi
The government on Friday reiterated that there is no shortage of essential commodities in the country, and citizens are advised not to panic or rush to the markets to purchase food grains.