Wed Oct 09 05:18:14 UTC 2024: ## RBI Holds Key Interest Rates Steady for the Tenth Consecutive Time
**Mumbai:** The Reserve Bank of India (RBI) has kept its key interest rates unchanged, adhering to analysts’ predictions. This marks the tenth consecutive time the central bank has held steady since February 2023.
The decision was announced by RBI Governor Shaktikanta Das after the Monetary Policy Committee (MPC) meeting on Wednesday. The repo rate, the interest rate at which commercial banks borrow from the RBI, will remain at 6.5%.
The RBI’s decision to maintain current interest rates reflects the central bank’s cautious approach towards inflation and economic growth. The MPC is closely monitoring the global and domestic economic scenario, and will continue to assess the need for any changes in monetary policy stance in the future.
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