RBI kept Repo rate unchanged at 6.5%

RBI’s Governor Shaktikanta Das announces RBI MPC policy decisions after the three day meeting of the six-member RBI Monetary Policy Committee (MPC) which ends today. The Repo rate has been kept unchanged at 6.5% for the tenth straight meeting to balance inflation and economic growth. The Apex Bank tweaked its policy stance to “neutral”, opening the door for rate cuts. Further, the expectation of rate cuts in near future to robust the demand are blooming. Although the US’s Federal Reserve has done rate cuts while India’s RBI prioritized inflation management and kept the rates unchanged.