<h1>India Maintains Repo Rate at 6.50% Amid Global Banking Turmoil; Focus on Inflation and Economic Growth.</h1> The global economic outlook has shifted due to banking sector turmoil in advanced economies, leading to financial instability concerns. Central banks continue tightening monetary policies to combat persistent inflation, though at a slower pace. India's Monetary Policy Committee decided to maintain the repo rate at 6.50%, focusing on withdrawing accommodation to align inflation with targets while supporting growth. India's GDP grew by 7.0% in 2022-23, with resilient economic activity and improved supply conditions. Inflation remains above target, driven by food price pressures, but is expected to moderate. The Reserve Bank of India emphasizes financial stability and prudent regulation amidst global volatility.