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New Delhi: Reserve Bank of India Governor Shaktikanta Das has announced the decisions of the MPC meeting which started on August 6. In this meeting, many decisions including repo rate have been taken to control inflation and increase money flow.
The RBI governor said that this time too, in the voting on the repo rate in the committee, it has been decided to keep the repo rate stable in the ratio of 4:2. This means that the repo rate is stable at 6.5 percent. This is the 9th consecutive time that the repo rate has been kept stable.
The repo rate has remained stable since February 2023.
Atul Monga - CEO & Co-Founder, Basic Home Loans
He further adds that although repo rates have remained stable for some time, the possibility of a rate change by the Central Bank in the next 6-12 months cannot be ruled out. Increasing rates will give a boost to the affordable housing segment and support the government's Pradhan Mantri Awas Yojana goals.
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