RBI MPC Second Meeting Decisions In June 2023 : All these major changes took place Monetary Policy Committee in June 2023.

Diarytimes Media Network, Shimla Published by : Kumud Sharma, Updated June 8, 2023 by Diary Times

RBI MPC Second Meeting Decisions In June 2023 : Keeping in view the current new financial year of the Reserve Bank of India, the Monetary Policy Committee successfully completed its second meeting and took several important decisions keeping in view the rate of Indian retail inflation and the overall financial and growth of the Indian economic situation. All decisions have been approved.

Repo rate will not change – Shaktikanta Das, overwhelmed with the responsibility of the head and governor of the Reserve Bank of India, while addressing the Official Diary Times media press conference, told that keeping in view the financial economic situation in all retail inflation and elimination, all important members It has been unanimously concluded and the final decision has been taken that the repo rate will still remain confined to its normal position i.e. 6.50 per cent and this decision is reserved by our Reserve Bank of India’s Monetary Policy Review Committee meeting on June 2nd.

What is repo rate?

If the repo rate is understood in any general form, then the current Governor of the Reserve Bank of India, Shaktikanta Das, said that the Reserve Bank of India usually gives loans to all the banks present in the country of India, and the banks give loans to us, so that the banks have When the loan taken from the Reserve Bank of India starts ending, then the Reserve Bank of India increases the repo rate, after that the Reserve Bank of India increases the interest installments of all loans along with our personal loan, auto loan and home loan. Which hits the pocket of the common man.

Repo rate had gone above 7.5 – Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das told in the press conference that during the time of Kovid-19, the condition of the repo rate had become so serious that to bring it back to normalcy, the big countries of the world, mainly the names of America and Britain. Shaktikanta Das said that Sri Lanka was plagued by debt and inflation, but the Government of India and the NDA government led by Honorable Prime Minister Shri Narendra Modi took very bold decisions, the result of which is that today even a common man If a person wants to fulfill his dream of owning a house, then he can make his dreams come true by paying attention to the low and cheap repo rate of 6.50.

Read More – ‘Agni Prime’ ballistic missile successfully flight-tested by DRDO off Odisha coast