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BREAKING NEWS
RBI Keeps Repo Rate Unchanged at 6.5% for 7th Consecutive Time
The Reserve Bank of India (RBI) maintained status quo on key policy rates, citing inflation concerns and global economic uncertainties. The Monetary Policy Committee (MPC) voted 5-1 to keep the repo rate unchanged at 6.5%, while maintaining the 'withdrawal of accommodation' stance. Governor Shaktikanta Das highlighted that while inflation has moderated, risks remain from food price volatility and geopolitical tensions. The central bank also revised its GDP growth forecast for FY26 to 7.2% from 7% earlier, signaling optimism about domestic economic momentum. Markets reacted positively with banking and auto stocks leading the rally.
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