Mumbai, Aug. 6 -- The Reserve Bank of India (RBI) kept the policy repo rate steady at 5.5% in its August monetary policy review, with all six members of the Monetary Policy Committee voting unanimously to maintain the status quo.

The central bank also retained its 'neutral' monetary policy stance, signalling a data-dependent approach in the months ahead.

According to a note by Bajaj Broking, the RBI's decision to hold rates steady was widely expected, though the sharp cut in inflation projections was notable.

The RBI seeks to balance easing inflationary pressures with persistent global uncertainty and uneven domestic growth indicators.

GDP growth outlook unchanged at 6.5%

The central bank held its real GDP growth projection for FY26 ...