#ANINews RBI MPC keeps repo rate unchanged at 5.5%; growth and inflation projections revised confirms RBI Gov

RBI MPC keeps repo rate unchanged at 5.5%; growth and inflation projections revised confirms RBI Gov
The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) on October 1, kept the repo rate unchanged at 5.5 per cent and maintained the policy stance at ‘neutral’, Governor Sanjay Malhotra announced. He said “The Monetary Police Committee (MPC) considered it prudent to wait for the impact of policy actions to play out and for greater clarity to emerge before starting the next course of action. Accordingly, the MPC unanimously voted to keep the policy repo rate unchanged at 5.5% and also decided to retain the stance as neutral.”

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