<h1>Monetary Policy Committee holds policy repo rate at 5.50% citing global uncertainty and incomplete transmission of easing</h1> The central bank's monetary policy committee unanimously retained the policy repo rate at 5.50% despite members finding room for a rate cut, citing global uncertainty and incomplete transmission of prior easing as reasons to defer action. Members noted a more benign inflation outlook-partly reflecting recent rationalised GST rates-and lowered the current-year inflation projection to 2.6%, opening policy space for future easing. Concerns over external risks, including recent foreign trade and visa measures, and the desire to assess the impact of fiscal steps and earlier monetary easing led the panel to pause; the next meeting is scheduled for December 3-5.