RBI pauses rate rises at 6.50%
What happened. On 6 April 2023 the Monetary Policy Committee unexpectedly kept the repo rate unchanged at 6.50% after six consecutive increases, while saying it remained ready to act if needed.
Why it matters for investors. The pause was described as a decision to assess the impact of earlier increases and was not a signal that tightening had ended; the stance stayed focused on withdrawal of accommodation.
Event date: 6 Apr 2023. Source: Reserve Bank of India, Monetary Policy Statement.
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