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RBI Maintains Repo Rate Unchanged as Expected: SBI CEO Khara

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The Reserve Bank of India's decision to keep the repo rate at 6.5% was to establish future market expectations of inflation. The RBI has implemented development initiatives aimed at managing risk, resolution, and innovation while addressing market microstructure issues. Inflation has declined continuously to reach an 18-month low, leading the RBI to pause on the key interest rate once again. The RBI anticipates similar growth rates for India's 2023-24 GDP, and the government anticipates an upward revision in the GDP figures.

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