RBI Keeps Repo Rate Unchanged at 6.5% for Eighth Consecutive Meeting
The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% citing stable inflation.
The RBI Monetary Policy Committee (MPC) has kept the benchmark repo rate unchanged at 6.5% for the eighth consecutive time. Governor cited easing food inflation and stable core inflation as key factors behind the decision.
Markets reacted positively to the announcement with the Sensex gaining 300 points within minutes.
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