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RBI keeps repo rate unchanged at 6.5%

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Unchanged Repo Rate:  

The RBI's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50%, in line with expectations. 

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Steady Standing Deposit Facility (SDF) Rate:  

The SDF rate, which is closely related to the repo rate, remained steady at 6.25%.

Consistent Marginal Standing Facility (MSF) Rate:  The MSF rate and the Bank Rate also remained unchanged at 6.75%. 

Emily Smith, Art Historian

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The MPC's focus remains on controlling inflation, and they aim to withdraw accommodation gradually to ensure that inflation aligns with the target. 

Inflation Control:

MPC's Unanimous Decision: The decision to maintain interest rates was unanimous among the members of the Monetary Policy Committee.

Supporting Growth: Despite the emphasis on inflation control, the MPC also aims to support economic growth, indicating a balanced approach to monetary policy.

Supporting Growth:

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Fourth Consecutive Pause:  This marks the fourth consecutive time that the RBI has kept the repo rate unchanged, reflecting the central bank's cautious approach to the evolving economic situation

 The RBI continues to closely monitor economic conditions, and future policy decisions will likely be influenced by factors such as inflation trends, growth prospects, and global economic developments. 

Continued Monitoring: