RBI Monetary Policy MPC Meeting 2024 Live Updates: RBI expected to keep repo rate unchanged at 6.5% on sticky food inflation

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RBI Monetary Policy, RBI MPC Meeting Live Updates August 2024: The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 6.5% in its August 2024 meeting. Inflation breaching the 5% mark in June and persistent pressure on the headline rate from elevated food prices to likely drive the decision. The central bank has kept the repo rate on hold since February 2023.