New Delhi, Oct 9: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday decided to keep the repo rate unchanged at the current 6.5 per cent.
Five of the six members of the MPC voted to keep the repo rate unchanged.
The RBI also retained India's real GDP growth forecast at 7.2 per cent for FY25.
RBI Governor Shaktikanta Das said that inflation for the third quarter (Q3) this fiscal is set to moderately increase to 4.8 per cent, saying that moderation in inflation is likely to remain slow and uneven.
"The inflation horse has been brought to the stable within the tolerance band. We have to be careful about opening the gate," he said during the MPC briefing.
The central bank decided to hold rates steady despite the US Federal Reserve's recent rate cut of 50 basis points. The RBI has changed the stance to 'neutral' from "withdrawal of accommodation".
"The Indian rupee continues to be among the least volatile currencies," said the RBI Governor.
