India’s central bank held its benchmark policy repo rate at 6.5%, aligning with the central bank’s goal to keep inflation within the 2-6% target range while supporting economic growth. India’s annual inflation rate slowed to 4.87% in October, a four-month low. Still, the bank cautioned about potential food price-driven inflation increases in the following months. The bank also revised its economic growth forecast for FY24 to 7% from 6.5%, with a steady inflation projection at 5.4%.