RBI Keeps repo rate unchanged at 6.5% for second time in a row


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The Reserve Bank of India opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5% as inflation moderates. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5%.