RBI announced that the repo rate will remain unchanged at 5.5 percent. This is the second consecutive time that the repo rates have been kept unchanged.

RBI Governor Sanjay Malhotra announced that the MPC has decided to keep monetary policy stance unchanged at 'neutral' after the meeting.

Sanjay Malhotra noted that the growth-inflation dynamics have evolved since the August policy review, with the recent GST rationalisation expected to ease inflationary pressures.

However, he warned that the impact of higher tariffs could dampen export growth in the coming quarters.

The RBI chief said that the real GDP growth has been projected at 6.8 percent, projected at 7 percent for Q2 and projected at 6.2 percent for Q3.

(Further details are awaited)

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