rbi monetary policy and repo rate changes financial year 2023-22023-24 07 April 2023

RBI governor Shaktikanta Das said on April 06 2023, the rbi monetary policy commettee repo rate unchanged

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Repo rate is the rate of rbi that gives money to the banks . It impacts on general public

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It can reduse or hike your bank loans EMI because it decide your interest from the bank side

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In view of inflation, Rbi has increased the repo rate for the last several months.

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But in the 3-day meeting on April 06, it was decided not to change the repo rate.

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In the 3-day monetary policy review meeting, it has been decided that the repo rate will be kept at 6.50 %.

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