RBI keeps repo rate unchanged at 6.5%

[{"selector":"#anim-3b4d357a-b9c6-4a92-b567-60e8a70dbb09","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3318571-82f0-47bb-861d-66f4320fed45","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-572feeeb-96a4-4fbd-846d-cf473900825b","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Brush Stroke Unchanged Repo Rate: The RBI's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50%, in line with expectations.

Steady Standing Deposit Facility (SDF) Rate:

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

Emily Smith, Art Historian

Inflation Control:

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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.

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.

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Continued Monitoring:

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.