RBI's First Monetary Policy Announcement Post Lok Sabha Election Results 2024 | Live

The RBI-led Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6.5 per cent, focusing on withdrawing accommodation. The central bank is expected to keep the key lending rate unchanged for the eighth consecutive time. Persistent inflation in food and beverages is a significant challenge. Provisional data shows India's GDP grew by 7.8 per cent in January-March, lifting the full-year growth for FY24 to 8.2 per cent. Watch RBI's First Monetary Policy Announcement Post Lok Sabha Election Results 2024.