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RBI MPC meeting: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on Friday, February 6, decided to keep the repo rate unchanged at 5.25%, while maintaining a "neutral" policy stance. RBI governor Sanjay Malhotra announced the status quo on the policy interest rate, highlighting that the Indian economy remains on a strong footing.

In December, the central bank cut the repo rate by 25 basis points, bringing the benchmark rate down to 125 basis points since February last year.

The RBI Governor said the MPC, going forward, will be guided by evolving macro conditions, guided by the new series of GDP and inflation.

(This is a developing story. Please check back for fresh updates.)

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