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The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 per cent for the fifth time in a row on Friday.
The RBI MPC has now kept the repo rate unchanged since April. It raised the repo rate by a total of 250 basis points (bps) between May 2022 and February 2023 in a bid to cool surging inflation, which dropped to a four-month low of 4.87 per cent in October this year
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