The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank’s Governor Shaktikanta Das announced. The RBI has marginally raised its GDP growth projection for FY24 to 6.5% from earlier estimate of 6.4 %. This means that the central bank now expects the Indian economy to grow by 6.5% during the financial year 2023-2024, which is slightly higher than its previous projection.