RBI Maintains Key Interest Rate at 6.5%

The Reserve Bank of India (RBI) announced on Thursday that it will maintain the key repo rate at 6.5% to support economic growth while keeping inflation in check. This decision comes amid concerns over rising global oil prices and their potential impact on domestic inflation. RBI Governor Shaktikanta Das emphasized the need for a balanced approach between growth and inflation management in the current economic environment. Analysts expect this decision to provide stability to the financial markets and support consumer spending in the upcoming festive season.