RBI pauses key repo rate hike, keeps it at 6.5%
The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022
The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022
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Growth in transactions of UPI, IMPS, and BBPS came in at a slower pace in both volume and value terms on year-on-year basis
RBI now sees inflation averaging 6.5 per cent in the current 2022-23 financial year and at 5.3 per cent in 2023-24
The RBI said the deadline will be extended in a phased manner by December 31, 2023
The Reserve Bank of India (RBI) on Wednesday lifted restrictions related to Mahindra & Mahindra Financial Services
RBI Governor Shaktikanta Das also said that a premature pause in monetary policy action would be a costly policy error at this juncture