Wed Oct 09 04:37:37 UTC 2024: ## RBI Holds Key Interest Rates Steady for Tenth Consecutive Time
**New Delhi:** The Reserve Bank of India (RBI) has announced that it will keep key interest rates unchanged for the tenth consecutive time. Governor Shaktikanta Das announced that the repo rate, the rate at which commercial banks borrow from the RBI, will remain at 6.5%. This decision comes after the RBI last adjusted rates in February 2023.
The RBI’s decision to maintain status quo on interest rates reflects a cautious approach to managing inflation and supporting economic growth. While the inflation rate has cooled recently, it remains above the RBI’s target range. The RBI is likely to closely monitor economic indicators in the coming months before considering any changes to its monetary policy stance.
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