RBI keeps repo rate unchanged at 6.5%

Mumbai, 8/12: The Reserve Bank of India (RBI) kept the key lending rate unchanged on Friday with inflation control remaining a major focus amid expectations of a spike in food prices in coming months and better than expected economic growth.

The six-member monetary policy committee (MPC), consisting of three RBI and three external members, kept the repo rate unchanged at 6.50 per cent. The vote on the repo rate decision was unanimous. Monetary policy will remain actively disinflationary.

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