<h1>Monetary Policy Committee Holds Rates Steady, Aims to Balance Inflation and Growth Despite Global Fluctuations.</h1> The Monetary Policy Committee (MPC) decided to maintain the policy repo rate at 6.50%, with the standing deposit facility rate at 6.25% and the marginal standing facility rate at 6.75%. The focus remains on withdrawing accommodation to align inflation with the target while supporting growth. Global growth is steady, with inflation decreasing but still experiencing fluctuations. Domestic GDP growth is projected at 7.3% for 2023-24, driven by investment and strong manufacturing and services sectors. CPI inflation is expected to be 5.4% for 2023-24 and 4.5% for 2024-25, with food price volatility posing a risk.