<h1>RBI's Monetary Policy Committee Maintains Repo Rate at 6.50%, Shifts to Neutral Stance; GDP Growth Projected at 7.2% for 2024-25.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank of India held its 51st meeting from October 7 to 9, 2024. The committee 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 monetary policy stance shifted to neutral, focusing on aligning inflation with the target while supporting growth. India's GDP growth is projected at 7.2% for 2024-25, driven by private consumption and investment, despite global economic uncertainties. Inflation is expected to moderate, with CPI inflation projected at 4.5% for 2024-25.