RBI Keeps Repo Rate Unchanged at 6.50%, Shifts Stance to Neutral Amid Inflation Concerns

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.50% and shifted its stance to neutral amid inflation concerns. The decision was made during the Monetary Policy Committee (MPC) meeting held in October 2024. The RBI aims to balance inflation control with economic growth, considering the current inflationary pressures and global economic uncertainties. The neutral stance indicates that the RBI is open to either increasing or decreasing the repo rate in the future, depending on the evolving economic conditions. The unchanged repo rate is expected to provide stability to the financial markets.