Unchanged Repo Rate:
The RBI's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50%, in line with expectations.
The SDF rate, which is closely related to the repo rate, remained steady at 6.25%.
Emily Smith, Art Historian
The MPC's focus remains on controlling inflation, and they aim to withdraw accommodation gradually to ensure that inflation aligns with the target.
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.