New Delhi, Feb. 6 -- The Reserve Bank of India's latest monetary policy decision was largely in line with market expectations, with no change in the repo rate and the policy stance retained as neutral, said Deepak Agarwal, CIO-Debt, Kotak Asset Management Company.

The Monetary Policy Committee (MPC) voted unanimously to keep policy rates unchanged.

While speaking with ANI, Agarwal said, "The decision reflects improving macroeconomic conditions, with inflation stabilising near the 4% target and downside risks to growth easing."

"Inflation is now stabilising at around 4%, and the downside risk to growth has reduced. In that context, it was a prudent decision by the RBI to keep rates unchanged," he added.

"RBI's post-policy guidance indi...