Wed Oct 09 04:47:51 UTC 2024: ## RBI Holds Interest Rates Steady for the 10th Consecutive Time
**New Delhi, October 9:** The Reserve Bank of India (RBI) has decided to maintain its key interest rate at 6.50% for the 10th consecutive time. The decision comes after a three-day Monetary Policy Committee (MPC) meeting concluded on Monday.
RBI Governor Shaktikanta Das announced the decision at a press conference today. He stated that five out of the six MPC members voted to keep the repo rate unchanged. This decision also maintains the status quo for other rates such as the marginal standing facility (MSF) rate.
The RBI’s decision to hold rates steady comes amidst continued concerns about inflation and the impact of global economic uncertainties. However, the central bank believes that current measures are sufficient to control inflation and support economic growth.
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