<h1>Monetary policy stance maintained: repo rate unchanged to support growth while monitoring inflationary risks and expectations.</h1> The MPC meeting (August 4-6, 2021) resolved to keep the Policy Repo Rate unchanged and to continue an accommodative stance to revive and sustain growth while ensuring inflation remains consistent with the medium term CPI target. The decision followed assessment of global supply disruptions, elevated commodity prices, nascent domestic recovery with large output slack, and staff projections showing near term inflation pressures driven largely by supply shocks. All members voted to keep the repo rate unchanged; the accommodative stance was supported by five members with one reservation.