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The Reserve Bank of India (RBI), in its first bi-monthly monetary policy for this fiscal year, has decided to maintain the status quo, keeping the repo rate unchanged at 6.5 per cent.
MPC decided with majority of 5:1 to remain focused on withdrawal of accommodation, said RBI Governor Shaktikanta Das.
This marks the seventh consecutive time that the MPC has maintained the policy repo rate at 6.50 per cent. The last adjustment to this rate, when it was increased from 6.25 per cent to 6.50 per cent, occurred on February 8, 2023.