Mumbai: In a significant move, the Reserve Bank of India (RBI) has maintained the policy rate at 6.5% for the 10th consecutive time during its latest Monetary Policy Committee (MPC) meeting. The central bank’s decision reflects a continued cautious approach to managing inflation and supporting economic growth.
RBI Governor Shaktikanta Das announced a strategic shift in the bank’s monetary policy stance, moving from “withdrawal of accommodation” to a more “neutral” position. This transition indicates a greater flexibility in future policy actions, allowing the RBI to navigate uncertainties in global and domestic markets while keeping inflation in check. The change signals a balanced approach as India faces evolving economic challenges.
