The Reserve Bank of India (RBI) has decided to keep the repo rate steady at 6.50%, announced Governor Shaktikanta Das. The decision, made by the six-member Monetary Policy Committee (MPC), reflects a focus on controlling inflation, particularly food prices, while maintaining economic growth. The CPI inflation for 2024-25 is projected at 4.5%, and the GDP growth forecast has been raised to 7.2%. The RBI also transferred ₹2.11 lakh crore as surplus to the Central Government, bolstering its balance sheet's resilience. The MPC remains vigilant against inflation risks and committed to long-term price stability.