RBI Monetary Policy: Central Bank Keeps Key Interest Rates Unchanged At 6.5% For The 10th Time

New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 10th consecutive time on Thursday.

RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent.

"Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent, " he added.

The central bank has changed its stance to 'neutral' that may lead to a cut in the forthcoming policies.

Announcing the fourth bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.

The RBI has maintained status quo on benchmark interest rate since February 2023.

Das said RBI will remain watchful of elevated food inflation even when India GDP growth remains strong.

This was the first meeting of the reconstituted MPC. The three newly appointed external members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar.