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The Reserve Bank of India’s Monetary Policy Committee voted to keep the repo rate unchanged at 6.5% for the eighth consecutive time during its June 2026 review. RBI Governor Shaktikanta Das highlighted that while core inflation remains subdued, volatile food prices due to severe heatwave conditions necessitate a cautious approach. The central bank retained its GDP growth projection for FY27 at 7.2%, reflecting strong domestic demand and robust manufacturing activity.
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