Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
RBI Keeps Repo Rate Unchanged At 6.5% for 9th time in a Row
Update / Judgement Date
09 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the ninth consecutive time. This decision reflects the central bank's cautious approach to balancing inflation control and economic growth. Despite global uncertainties and domestic challenges, the RBI's Monetary Policy Committee (MPC) maintains its stance, focusing on inflation management and financial stability. The central bank continues to monitor economic indicators and remains vigilant about potential inflationary pressures. This steady approach aims to support sustainable economic recovery while ensuring price stability.