The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday (October 1) decided to keep the benchmark repo rate unchanged at 5.5%. This marks the second consecutive pause after the RBI had earlier delivered three back-to-back rate cuts, amounting to a total reduction of 100 basis points across its February, April, and June policy reviews.

The decision to hold interest rates steady was taken unanimously by the MPC, which also reaffirmed its commitment to maintaining a “neutral” policy stance, thereby keeping the window open for future actions depending on the evolving inflation and growth outlook.

Alongside the repo rate, the Standard Deposit Facility (SDF) rate and the Marginal Standing Facility (MSF) rate have also been left unchanged at 5.75% and 5.25% respectively, i

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