No repo rate hike:  RBI’s Monetary policy Committee decides to maintain status quo, policy rate

(Repo Rate) is unchanged at 6.50%. The policy stance was maintained at "withdrawal of accommodation".

The Q1 GDP growth rate is seen at 8%, Q2 GDP growth at 6.5%, Q3 at 6% and Q4 at 5.7%, with risks evenly balanced.

The risks to near-term inflation have moderated, but pressures remain during second half of FY24. Inflation expectations for households for three months to one year have moderated by 60-70 basis points.