As anticipated by economists, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has maintained the repo rate at 6.50 per cent. RBI Governor Shaktikanta Das, in an announcement on Thursday, confirmed that the committee unanimously opted to keep the repo rate steady at 6.5 per cent.
The MPC convened for deliberations on August 8th, 9th, and 10th.