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    <title>Minutes of the Monetary Policy Committee Meeting, October 4 to 6, 2023 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC decided to keep the policy repo rate unchanged and to remain focused on withdrawal of accommodation so that inflation progressively aligns with the medium term CPI target, while being prepared to undertake appropriate and timely policy actions should inflationary risks or recurring supply shocks threaten the disinflation process. The decision reflects assessment of moderating core inflation, intermittent headline spikes from food and energy shocks, ongoing transmission of past rate actions, and risks from global volatility and adverse weather.</description>
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