RBI Holds Policy Rate Steady for 10th Consecutive Time

• The Reserve Bank of India (RBI) has maintained the policy rate for the tenth time in a row.
• Despite the US Federal Reserve and other central banks lowering benchmark rates, RBI remains unchanged.
• The RBI's stance has shifted to 'neutral', potentially leading to a rate cut in future policies.
• The repo rate remains at 6.5 per cent as announced by RBI Governor Shaktikanta Das.
• RBI continues to monitor elevated food inflation amidst strong India GDP growth.

Source: Deccan Herald