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Inflation within 2-6% zone, US Fed policy: Key factors behind RBI’s hawkish pause on interest rates


The Reserve Bank of India (RBI) at its October bi-monthly monetary policy committee (MPC) meeting, kept the benchmark repo rate unchanged at 6.5 per cent for the fourth straight meeting in the current fiscal 2023-24. The rate-setting panel also decided to remain focused on withdrawal of accommodation – with five out of six members voting in favor, to ensure that India’s headline inflation progressively aligns to the target, while supporting growth.

According to 



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Updated: 16 Nov 2023, 09:28 PM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.