RBI Keeps Repo Rate Steady for Tenth Straight Time

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) maintained the repo rate at 6.50% for the tenth time. The MPC changed its monetary policy stance from ‘withdrawal of accommodation’ to ‘neutral.’  RBI Governor Shaktikanta Das noted that yields on 10-year government bonds eased, influenced by the US Federal Reserve's policy shift and India’s fiscal measures.