Archive · 3 Aug 2026
RBI Likely Keeps Repo Rate Unchanged Amid Inflation Concerns
The Reserve Bank of India (RBI) decided not to raise its main interest rate in June 2024.
This means people borrowing money from banks will not pay more interest right now.
RBI said inflation is still under control and oil prices are low, so there is no rush to change rates.
The RBI also opened a special window for banks to attract foreign money.
Economists think the RBI will stay careful and watch how the economy and weather affect prices before making any changes.
RBI's Monetary Policy Committee left the repo rate at 5.25% in June.
Economists expect the MPC to keep a cautious stance due to manageable inflation and global uncertainties.
The RBI introduced a special window for banks to raise foreign currency FCNR(B) deposits.
Oil prices below $95 per barrel and a stabilised rupee reduce pressure for a rate hike.
The MPC may keep rates unchanged but could use softer language to reprice expectations.
- Who
- Reserve Bank of India Monetary Policy Committee and economists
- What
- Decision to keep the repo rate unchanged
- When
- June 2024 meeting
- Where
- India
- Why
- Manageable inflation, global uncertainties, stable rupee, and low oil prices
- Repo rate
- 5.25%
- Meeting date
- June 2024
- Central bank
- Reserve Bank of India
- FCNR(B) window
- Special window for banks
- Oil price threshold
- $95 per barrel