The MPC also decided to keep policy rates unchanged at 6.5 percent.
The news was encouraging for the market as Sensex went up 1 per cent and Nifty crossed 23,000.
BSE Midcap and BSE Smallcap gained 0.7 per cent and 1.6 per cent respectively.
According to experts, weekly jobless claims report in the US on Friday and ministry allocations in India over the weekend will further boost market sentiment.
On Thursday, all 13 sector indices were in the green, with IT, financial services and oil and gas stocks leading the gains on the Nifty.
Nifty IT index rose more than 3 per cent due to Infosys, Wipro and TCS.
RBI Governor Shaktikanta Das said that GDP growth is likely to be 7.3 percent in the first quarter of 2024-25, 7.2 percent in the second quarter, 7.3 percent in the third quarter and 7.2 percent in the last quarter.
Das said the pattern of global crisis continues, but India is poised for sustained high growth based on its demography, productivity and right government policies.
"However, at the same time, we need to remain cautious in the backdrop of the volatile global environment," Das said.
This is the eighth consecutive time that RBI has not made any change in the interest rate.
The news was encouraging for the market as Sensex went up 1 per cent and Nifty crossed 23,000.
BSE Midcap and BSE Smallcap gained 0.7 per cent and 1.6 per cent respectively.
According to experts, weekly jobless claims report in the US on Friday and ministry allocations in India over the weekend will further boost market sentiment.
On Thursday, all 13 sector indices were in the green, with IT, financial services and oil and gas stocks leading the gains on the Nifty.
Nifty IT index rose more than 3 per cent due to Infosys, Wipro and TCS.
RBI Governor Shaktikanta Das said that GDP growth is likely to be 7.3 percent in the first quarter of 2024-25, 7.2 percent in the second quarter, 7.3 percent in the third quarter and 7.2 percent in the last quarter.
Das said the pattern of global crisis continues, but India is poised for sustained high growth based on its demography, productivity and right government policies.
"However, at the same time, we need to remain cautious in the backdrop of the volatile global environment," Das said.
This is the eighth consecutive time that RBI has not made any change in the interest rate.
