Interest Rate 2024 Forecast India. The reserve bank of india (rbi) will leave its key interest rate unchanged at 6.50% on june 8 and for the rest of 2023 as it waits to see the economic impact of a. The reserve bank of india (rbi) will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on dec.
India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and reserve bank of india’s (rbi) estimate. To ease the economic woes while keeping inflation under control, the rbi cut interest rates and kept the repo rate at a minimum of 4%.
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