RBI MPC keeps repo rate unchanged at 6.5%; raises inflation forecast to 5.4%

RBI MPC MEET OUTCOME: The MPC members unanimously decided to maintain the status quo on the repo rate, Governor Shaktikanta Das said in his policy speech on August 10. The Reserve Bank of India (RBI) has made an upward revision to its inflation forecast for 2023-24, raising it by 30 bps to 5.4%.