RBI keeps key policy rates unchanged

( 25 Second reading) The RBI decided to maintain the repo rate unchanged at 6.50% during the Apr’24 meet. The MPC stated that the policy decision was guided by its agenda of maintaining the growth-inflation tradeoff. Whilst growth prospects remain strong, price stability needs to be achieved.
The Indian economy has demonstrated strong growth prospects in recent times. However, inflationary risks continue to remain on the upside marked by elevated food inflation, crude price volatility besides supply side disruptions globally.