The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.

The Reserve Bank of India held its key interest rate at 6.50% but shifted its policy stance to "neutral," signaling potential rate cuts amid an economic slowdown. Inflation remains within target, but growth concerns loom.

Reserve Bank of India (RBI) in its 51st Monetary Policy Committee (MPC) meeting kept the Repo Rate unchanged at 6.5%.

Reserve Bank of India (RBI) in its 51st Monetary Policy Committee meeting kept the Repo Rate unchanged at 6.5% for the tenth straight time.

The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.

The central bank has kept the repo or short-term lending rate unchanged at 6.5 percent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side.