<h1>RBI Holds Repo Rate at 6.50%, Unveils New Initiatives for Inflation Control, Consumer Protection, and UPI Credit Expansion.</h1> The Reserve Bank of India (RBI) has kept its policy repo rate unchanged at 6.50%, maintaining its stance against inflation. The RBI Governor emphasized the need to continue combating inflation and announced several initiatives, including a web portal for unclaimed bank deposits and a centralized platform for regulatory approvals. The scope of the Unified Payments Interface (UPI) will be expanded to include pre-sanctioned credit lines. Measures to enhance consumer protection in credit information reporting were also introduced. India's GDP growth for 2023-24 is projected at 6.5%, with inflation expected to moderate to 5.2%. The RBI remains committed to price stability.