The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its decision on interest rates on June 7, marking the second monetary policy review for the fiscal year 2025. The benchmark repo rate currently stands at 6.50%, accompanied by a "withdrawal of accommodation" stance. Recent GDP growth data for FY2024 highlights that India remains the fastest-growing major economy globally, achieving a year-on-year growth rate of 8.2%. Watch the Governor's address.
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