RBI maintains status quo on repo rate amidst cautious economic recovery

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The policy repo rate remains unchanged at 6.50%.

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Other policy rates were also kept unchanged.

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The RBI Governor emphasized a cautious approach towards the country's economic recovery.

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The withdrawal of accommodation and repo rate hike have been paused only for this meeting.

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The decision to maintain the repo rate unchanged is a positive sign for the banking and NBFC sectors, as well as other sectors such as real estate and infrastructure.

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Persistent inflation and the global banking crisis remain areas of concern.

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It is crucial to monitor the overall impact of past rate hikes on the economy.

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The RBI Governor indicated a readiness to act if the situation warrants it.

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