RBI keeps interest rates flat as food prices raise concerns

Food inflation could "unhinge" anchoring of inflation expectations, governor says

Shaktikanta Das
Shaktikanta Das
Photo: Press Information Bureau, Government of India

The Reserve Bank of India (RBI) decided to keep its policy repo rate unchanged at 6.5% as food price inflation gave the monetary policy committee cause for concern.

The MPC voted by five to one to keep the benchmark rate unchanged, with the dissenting member voting to cut the rate by 25 basis points. The standing deposit facility rate and the marginal standing facility rate remain stable at 6.25% and 6.75% respectively.

Headline inflation fell to 5.1% in January and February, down from 5.7% in

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