The Reserve Bank of India (RBI) has kept the policy repo rate unchanged at 6.5 per cent in its monetary review meeting. This is for the fifth time in a row that the Monetary Policy Committee's (MPC) has maintained the status quo. RBI governor Shakitkanta Das said on Friday that, the Standing Deposit Facility rate remains at 6.25 percent and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.75 percent. Attributing the declining inflation as reason behind maintain status quo the policy stance, the RBI Governor informed that, real GDP growth projection for the current year 2023-24 has been revised from earlier 6.5 per cent to 7 percent.<br />”<br />” In Akashvani’s program Spotlight, Economic Analyst Anil Padmanabhan discussed on RBI's Monetary Policy Committee's Decision. He said that the RBI, as expected, has kept the policy rates unchanged along with an optimistic growth forecast for the country, indicating the rate hike cycle has concluded, provided inflation remains in control. This will increase consumer confidence and boost home buying in the coming quarters.<br />” <br />” Economic Analyst Anil Padmanabhan said that MPCs emphasis on keeping inflation target at 4&nbsp;per cent&nbsp;in the long run demonstrates RBI’s commitment to support sustainable growth while maintaining financial stability. Despite global headwinds, RBI has raised GDP forecast to 7&nbsp;per cent&nbsp;from 6.5&nbsp;per cent&nbsp;for FY’24 demonstrating confidence in domestic growth levers. RBI would continue to remain watchful and ready to act on evolving domestic and global developments as warranted.<br />”<br />”Listen to the Full discussion at:&nbsp;<a href="https://www.youtube.com/watch?v=Vb1JrLACX40" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/watch?vVb1JrLACX40&source=gmail&ust=1702207910028000&usg=AOvVaw2pyvaRUGIB9pCYogq71NTl" style="color: #1155cc; font-family: arial, sans-serif; font-size: 14.6667px; text-align: justify;">https://www.youtube.com/watch?<wbr />v=Vb1JrLACX40</a>