<h1>RBI Monetary Policy Committee Retains Repo Rate at 4% to Support Growth Amid COVID-19 Challenges and Inflation Concerns.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank of India met from August 4 to 6, 2020, to review the economic situation amidst the COVID-19 pandemic. The committee decided to keep the policy repo rate unchanged at 4.0% and maintain an accommodative stance to support economic growth and manage inflation. The global and domestic economic outlook remains uncertain, with signs of recovery tempered by renewed COVID-19 infections. Inflation is elevated due to supply disruptions and cost-push pressures, while economic growth is expected to be negative for 2020-21. The MPC emphasized the need for cautious monetary policy action, considering the fragile state of the economy.