RBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The RBI governor, Shaktikanta Das, stated that India is poised to be the new growth engine of the world. The RBI has maintained the repo rate at 6.5% since May 2022 to control rising prices. However, retail inflation stood at 6.83% in August, surpassing the RBI's acceptable threshold.
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