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The RBI's six-member Monetary Policy Committee (MPC), which met over 4-6 February, voted unanimously to keep the repo rate at 5.25%, Governor Sanjay Malhotra said during his televised speech on Friday. The policy stance was retained at neutral.
A majority of the 39 economists surveyed by Bloomberg had expected the central bank to keep its benchmark repurchase rate unchanged at 5.25% on Friday. With India's GDP growth rate seen at more than 7% for a second straight year in FY27 and the rupee posting its biggest rally in seven years, some economists expect the rate-cut cycle may even be over.
Here's a quick look at the key decisions taken by India's Monetary Policy Committee over their 4-6 February meeting: