RBI Monetary Policy August 2023: RBI keeps repo rate unchanged at 6.5%; FY24 CPI inflation forecast raised to 5.4%
The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the 3rd bi-monthly monetary policy for FY24. RBI kept the repo rate unchanged at 6.5%. The standing deposit facility (SDF) rate kept unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
The next meeting of the MPC is scheduled during October 4-6, 2023.