Wed Oct 09 05:20:15 UTC 2024: ## RBI Holds Repo Rate Steady for Tenth Consecutive Time, Keeping Loan Rates Unchanged

**Mumbai, India:** The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the tenth consecutive time, marking a significant decision following its Monetary Policy Committee (MPC) meeting concluded on Wednesday. This decision indicates a continued stance of maintaining stability in the financial markets, despite the recent economic trends.

RBI Governor Shaktikanta Das announced the MPC’s decision, highlighting that the key interest rates remain unchanged. This implies that borrowers will continue to face the same loan EMIs as before, with no relief in sight.

Since February 2023, the RBI has refrained from making any adjustments to the repo rate, a move aimed at maintaining a consistent policy and providing a sense of certainty for businesses and individuals.

This decision will be observed closely by financial analysts and economists, who will be looking for further indications about the RBI’s outlook on inflation and growth in the coming months.

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