The Reserve Bank of India (RBI) kept the repo rate unchanged. As a result, the repo rate remained at 5.25 per cent. On February 6, RBI Governor Sanjay Malhotra announced that there would be no change in the repo rate. He stated that the Indian economy stands on a strong foundation. Last December, the central bank reduced the repo rate by 25 basis points.
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According to media sources, the Reserve Bank Governor said on this day, "Despite increasing tensions and uncertainty in geopolitics, India's economy is in a good position. There is growth, and inflation remains low. With the trade agreement with the European Union and in the atmosphere of negotiations for an agreement with America, this growth will be sustained in the long term."
