RBI keeps lending rate unchanged at 6.5%

New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.

IBNS • 7 Jun 2024, 04:48 am

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The RBI's announcement comes days after the Lok Sabha elections results were announced and ahead of the Budget 2024.

For the fiscal year 2024, the GDP growth is projected at 7.2%.

"The GDP growth that we are now projecting for 2024-2025 is 7.2%," said RBI Governor Shaktikanta Das.