Wed Oct 09 06:02:22 UTC 2024: ## RBI Holds Repo Rate Steady at 6.5% for 10th Consecutive Time
**Chennai, India** – The Reserve Bank of India (RBI) has announced that it will keep the repo rate, the interest rate at which commercial banks borrow from the central bank, unchanged at 6.5%. This marks the tenth consecutive time the RBI has held the rate steady.
RBI Governor Shaktikanta Das confirmed the decision, stating that the repo rate will remain at 6.5%. This decision comes as the central bank continues to assess the current economic environment and its impact on inflation.
The repo rate is a key benchmark for interest rates across the economy. Maintaining the rate at 6.5% is expected to provide stability in the financial markets and encourage continued economic growth.
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