RBI Maintains Key Interest Rates, Prioritizes Inflation Control

India's central bank keeps repo rate steady at 6.5%, focusing on reducing inflation amid global economic uncertainties.

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the ninth consecutive meeting.
The decision follows a three-day deliberation by the Monetary Policy Committee, with a 4:2 vote in favor.
Inflation remains a primary concern, particularly due to high food prices, despite a downward trend in core inflation.
The RBI's growth projection for the fiscal year remains at 7.2%, positioning India among the fastest-growing economies.
Market reactions included a slight decline in Indian equities and a minor increase in bond yields.