RBI Maintains Repo Rate at 6.5%, Projects 7% GDP Growth for FY25

The Reserve Bank of India's decision to keep the repo rate unchanged for the sixth consecutive time aims to balance inflation control with economic growth.

• The Reserve Bank of India (RBI) has kept the key lending rate, the repo rate, unchanged at 6.5% for the sixth straight meeting, reflecting a cautious approach towards inflation and economic growth.
• RBI projects a consumer inflation rate of 5% and a real GDP growth of 7% for the fiscal year 2024-25, indicating a positive outlook on the economy's resilience.
• The monetary policy committee's decision was supported by five out of six members, emphasizing a consensus on the need for a disinflationary monetary policy.
• RBI plans to introduce offline transactions for the Central Bank Digital Currency (CBDC) to enhance financial inclusivity, especially in regions with limited internet connectivity.
• Regulatory actions on Paytm Payments Bank highlight the RBI's commitment to maintaining financial stability and protecting consumer interests.

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