RBI Maintains Repo Rate at 6.25%, Signals Focus on Growth Over Inflation

The Reserve Bank of India's Monetary Policy Committee today decided to maintain the repo rate at 6.25%, in line with market expectations.

RBI Governor highlighted that inflation has remained within the 2-6% target range. According to what reportersays, this policy stance positions India favorably compared to other emerging markets.

The banking sector responded positively to the announcement.