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RBI Governor Shaktikanta Das on Thursday said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.
The Reserve Bank of India's (RBI) monetary policy committee left the benchmark repo rate unchanged at 6.50% for a fifth consecutive meeting in December.
In a world beset by economic volatility, India has managed to stay the course of high growth and succeeded in moderating inflation.
Pinarayi Vijayan has claimed that the Centre ignored the impact of price rise on the people.
The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February .
The high vegetable prices have also begun to reflect on the restaurant menus.
This is the fourth straight month when retail inflation has declined and the third straight month of Consumer Price Index (CPI) based inflation remaining within the RBI's comfort zone of below 6 per cent.
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This was the lowest reading since December 2021 which was at 5.59 per cent.
In rural areas, the price increase is 6.85 per cent and in urban areas, it is 6 per cent.