The Reserve Bank of India's Monetary Policy Committee (RBI MPC) has decided to keep the repo rate unchanged at 6.5 per cent for the seventh consecutive time, Governor Shaktikanta Das announced. He said a majority of 5-1 took the decision.

• The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1. RBI Governor Das said this was to ensure that inflation aligned with the four per cent target while aligning with growth.
• A Business Standard poll predicted that the repo rate would be kept unchanged. The repo rate was last changed in February 2023, when it was hiked from 6.25 per cent to 6.5 per cent.
• Between May 2022 and February 2023, the repo rate was raised by 250 basis points (bps).