<h1>RBI's Monetary Policy Committee Keeps Repo Rate Steady at 6.50% Amid Inflation Concerns and Global Economic Slowdown.</h1> The Reserve Bank of India's Monetary Policy Committee (MPC) held its 44th meeting from August 8 to 10, 2023, deciding to keep the policy repo rate unchanged at 6.50%. The decision aligns with the goal of maintaining CPI inflation at 4% within a +/- 2% range while supporting growth. The global economy shows signs of slowing, with divergent growth across regions. Domestically, economic activity remains resilient despite uneven monsoon distribution and external demand challenges. CPI inflation rose to 4.8% in June due to food price dynamics, with projections indicating potential short-term spikes. The MPC remains vigilant, ready to adjust policies if necessary.