<h1>RBI Keeps Repo Rate at 6.5% to Support Growth, Targets 4% Inflation Amid Global Economic Slowdown.</h1> The Monetary Policy Committee of the Reserve Bank of India decided to maintain the policy repo rate at 6.5% to support growth while targeting a medium-term consumer price index inflation of 4%. Global economic activity showed signs of weakness due to trade tensions, with slowdowns observed in the US, Euro area, Japan, and major emerging markets. Domestically, India's GDP growth slowed to 7.1% in Q2 2018-19, affected by reduced private consumption and net exports. Inflation projections were revised downward due to lower food prices and oil prices, though uncertainties remain. The next MPC meeting is scheduled for February 2019.