India’s central bank maintained its policy repo rate at 6.5%, marking the sixth consecutive meeting without change amid moderated inflation within the target range. Despite a recent spike to a four-month high of 5.69% due to rising food prices, the bank expects inflation to slow down to 4.5% in 2024. Additionally, the bank projects economic growth at 7% for FY25, with quarterly growth and inflation projections provided for FY25 and FY24. The marginal standing facility and bank rates remain at 6.75%, with the standing deposit facility rate at 6.25%.