Answer: 4.5%
Notes: RBI Governor Shaktikanta Das, leading the Monetary Policy Committee, has maintained the repo rate at 6.5% for the 7th consecutive time, as announced on April 5, 2024. Predicting a 7% growth for India's economy in FY 25, with a 4.5% expected Consumer Price Index inflation, Das emphasized inflation control and pledged an accommodative policy for growth. The first MPC meeting for FY 2024-25 convened from April 3-5, with the next scheduled for June 5-7, 2024.
