The Reserve Bank of India’s monetary policy committee decided to keep the repo rate steady at 6.5%. This marks the ninth time the rate has remained unchanged. The decision aims to guide inflation towards its target while focusing on economic growth. Significant changes in the committee are expected as three external members’ terms end on October 6. The current MPC is set to undergo significant changes this year.
No impact on loan EMIs as RBI keeps repo rate unchanged at 6.5%
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