Current Affairs - Economy - Discussion

The Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5% during its August 2024 Monetary Policy Committee (MPC) meeting. This decision marked the ninth consecutive instance of keeping the rate unchanged, reflecting the RBI's cautious stance amid economic uncertainties. The 6.5% rate has been steady since February 2023, demonstrating the central bank's focus on maintaining economic stability. The decision was made by a 4:2 majority within the committee, underscoring the challenges in navigating the current economic environment.