New Delhi, Aug. 6 -- The Reserve Bank of India (RBI) Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, kept the repo rate unchanged at 5.5 per cent and maintained the policy stance as "neutral" in its latest meeting. This decision follows a surprise 50 basis points cut in June and signals a cautious approach amid an evolving global environment marked by easing inflation and resilient economic growth.

RBI noted the country's growth outlook remains healthy and inflation is expected to be under control this year, largely due to a healthy monsoon. However, the RBI Governor pointed out that the global environment continues to be challenging.

"Although financial market volatility and geopolitical uncertainties have abated ...