India’s central bank held its repo rate at 6.5% for the fourth successive session, aligning with expectations. This decision aims to harmonize inflation within RBI’s 4% ± 2% range amid rising food prices while bolstering economic growth. August saw India’s annual inflation decline to 6.83% from July’s 15-month peak of 7.44%. The RBI also retained its 2024 economic growth projection at 6.5% and adjusted its core inflation outlook to 4.9%. Key rates, including MSF, bank, and SDF rates remained unaltered.