<h1>Central Bank Holds Repo Rate at 6.75%, Cites Weak Global Economy and Rising Inflation; Growth Projection at 7.4.</h1> The Fifth Bi-monthly Monetary Policy Statement for 2015-16, issued by the central bank, maintains the policy repo rate at 6.75%, with the cash reserve ratio unchanged at 4.0%. Global economic conditions remain weak, impacting trade and production. Domestically, industrial activity shows signs of recovery, but agricultural growth is moderate due to monsoon variability. Inflation has risen, driven by food prices, with expectations of further increase. The bank highlights the need for effective supply management and notes that public investment and easing monetary policy could stimulate private investment. The growth projection remains at 7.4% with a mild downside bias.