<h1>Accommodative monetary stance maintained to support durable economic recovery while ensuring inflation converges to target.</h1> The MPC kept the policy repo rate unchanged and decided to continue an accommodative stance to revive growth while ensuring CPI inflation converges to the medium term target of 4 per cent within a +/-2 per cent band; this decision reflects assessments of a softened global recovery, domestic GDP contraction with nascent revival, moderating food inflation but elevated core inflation, large systemic liquidity, and risks from commodity and petroleum price pressures, and it endorses supply side measures alongside continued policy support until recovery is durable.