<h1>RBI Keeps Repo Rate at 6.5%; GDP Growth at 7.4%, Lowers Inflation Projections for 2018-19.</h1> The Monetary Policy Committee of the Reserve Bank of India decided to maintain the policy repo rate at 6.5% during its fourth bi-monthly meeting of 2018-19. The GDP growth projection for 2018-19 remains at 7.4%, while inflation projections for 2018-19 and the first quarter of 2019-20 have been lowered. This decision aligns with the government's assessment of inflation and growth, aiming to achieve a medium-term consumer price index inflation target of 4% within a +/- 2% range, while supporting economic growth. The government has expressed approval of the MPC's decision.