RBI Keeps Repo Rate Steady at 6.5%, Shifts Policy Stance to Neutral
The Reserve Bank of India (RBI) has opted to keep its key lending rate, the repo rate, unchanged at 6.5%, signaling caution amidst inflation concerns and economic growth needs. This decision, announced after the Monetary Policy Committee’s (MPC) three-day meeting, reflects the central bank’s balanced approach in navigating India’s current macroeconomic landscape. RBI Holds Repo…