The monetary policy rate will remain unchanged for 2023.

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On April 6th, Reserve Bank of India (RBI) Governor Shaktikanta Das announced the monetary policy.

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The policy rate remains unchanged at 6.5%.

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The projected inflation rate for 2023 is 6.4%.

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The projected GDP growth rate is 7%, with the real GDP growth expected to reach 7% for 2022-23.

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The PMI in March was reported to be 6.4%, and milk inflation remains unchanged.

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The SDF rate remains unchanged at 6.25%, while the MSF and bank rate are at 6.75%.

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Headline inflation is moderating, and the US dollar is gaining on its peak in September 2022.

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The monetary policy met on April 3rd, 4th, and 6th of 2023 in a volatile environment

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The repo rate was paused for this meeting only.

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Check out today's latest covid- 19 update

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