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The Reserve Bank of India (RBI), in its first bi-monthly monetary policy for this year, has decided to maintain the status quo, keeping the repo rate unchanged at 6.5 percent.
This marks the sixth consecutive time that the MPC has maintained the policy repo rate at 6.50 percent. The last adjustment to this rate, when it was increased from 6.25 percent to 6.50 percent, occurred on February 8, 2023.
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