<h1>MPC Keeps Policy Repo Rate at 6.50%, Aims to Tackle Inflation While Supporting Growth Amid Global Economic Slowdown.</h1> The Monetary Policy Committee (MPC) decided to maintain the policy repo rate at 6.50% and other key rates unchanged, focusing on withdrawing accommodation to align inflation with the target while supporting growth. Global economic momentum is slowing, with inflation above target in major economies. Domestically, GDP grew by 7.8% in Q1 2023-24, driven by private consumption and investment. Inflation surged due to vegetable prices but moderated slightly. The outlook suggests improved inflation due to price corrections and a projected GDP growth of 6.5% for 2023-24. The MPC remains vigilant against global financial volatility and food price shocks.