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RBI has not made any change in repo rate. That is, the repo rate remains at 6.50 percent. The RBI may keep the repo rate steady as predicted earlier, the announcement has also been made. Looking at the inflation data, the RBI has decided to keep the repo rate steady at 6.50 percent. The special thing is that no change has been made in the repo rate for the second consecutive time.
What did RBI say?
The RBI said that the Indian banking system appears to be strong. Credit growth is good. Other indicators of the economy are also in good shape and showing growth. In view of the good signs coming from the economic data, 5 out of 6 members of the MPC voted in favor of keeping the repo rate steady. RBI said that we have seen a reduction in inflation. These figures are helping to keep interest rates steady.
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