<h1>India's Central Bank Raises Repo Rate to 6.50% to Tackle Inflation Amid Global Economic Challenges.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank of India met from February 6-8, 2023, to assess the macroeconomic situation. The committee decided to increase the policy repo rate by 25 basis points to 6.50%, aiming to control inflation within the target range while supporting growth. Inflation, driven by volatile food prices, remains a concern, with core inflation staying elevated. The global economic outlook has improved, but challenges persist due to geopolitical tensions and volatile commodity prices. The MPC emphasized the need for further calibrated monetary policy actions to anchor inflation expectations and support medium-term growth.