Wed Oct 09 05:00:36 UTC 2024: ## RBI Holds Key Interest Rates Steady for Tenth Consecutive Time
**Mumbai, India:** The Reserve Bank of India (RBI) has announced that it will keep the repo rate unchanged at 6.5% for the tenth consecutive time. This decision comes after a three-day meeting of the Monetary Policy Committee (MPC) that concluded on Wednesday.
The RBI’s decision to maintain status quo on interest rates aligns with analysts’ expectations. The central bank has maintained a cautious approach, keeping rates steady amidst global economic uncertainties and domestic inflationary pressures.
RBI Governor Shaktikanta Das, while announcing the MPC’s decision, stated that the bank will continue to monitor the evolving economic landscape and will take appropriate measures to ensure price stability and sustainable growth.
The decision to maintain the repo rate at its current level is expected to provide stability in the financial markets and encourage continued investment and economic activity. However, the decision may have a limited impact on borrowers as EMI payments are likely to remain unchanged.
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