RBI Maintains Repo Rate at 6.5%, Stance 'Withdrawal of Accommodation'
2026-06-19Background: The Reserve Bank of India (RBI) conducts monetary policy to manage inflation and support economic growth. The Monetary Policy Committee (MPC) meets regularly to decide on key interest rates.
Current Context: On June 19, 2026, the RBI's MPC decided to keep the policy repo rate unchanged at 6.5% for the eighth consecutive time. The committee also voted to maintain the monetary policy stance as 'withdrawal of accommodation'. This decision was unanimous.
Impact: This move signals the central bank's commitment to bringing inflation down to the target of 4% while ensuring that growth remains robust. It provides stability and predictability for businesses and financial markets, potentially encouraging investment and consumption.