<h1>RBI's MPC Keeps Repo Rate at 6.50% to Balance Inflation and Growth Amid Global Economic Challenges.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank of India met from October 4 to 6, 2023, and decided to maintain the policy repo rate at 6.50%. Other rates, including the standing deposit facility and marginal standing facility, remain unchanged. The MPC aims to align inflation with a medium-term target of 4% while supporting growth. Global economic challenges include slowing growth and persistent inflation, while domestically, GDP grew by 7.8% in Q1 2023-24. Inflation, driven by food prices, is expected to moderate. The MPC remains vigilant, ready to adjust policies as needed to maintain economic stability.