The Reserve Bank of India's Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.25%. The committee observed that the recent higher inflation was mostly on account of fuel and food prices, with little sign so far of price pressures becoming generalised across the wider economy.
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The prevailing repo rate is a standard monetary-policy fact tested every cycle.
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- Policy repo rate held unchanged at 5.25%.
- Decision taken by the Monetary Policy Committee (MPC).
- Higher inflation attributed mainly to fuel and food; no broad generalisation yet.
Background
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