RBI Holds Repo Rate Steady Amid Inflation Concerns

The Reserve Bank of India’s Monetary Policy Committee voted to hold the repo rate steady at its latest meeting, citing the need to monitor inflation trends before making any further cuts.The decision was widely expected by market participants, although some had hoped for a 25-basis-point reduction given slowing growth signals.Impact on BorrowersHome loan and auto loan rates are likely to remain unchanged in the near term as banks await clearer guidance from the central bank.The RBI reiterated its commitment to bringing retail inflation within its 4 percent target on a durable basis.