business✓3moneycontrol · 9h
RBI holds repo rate at 5.5% as inflation cools to 3.1%
The Reserve Bank held the repo rate at 5.5 percent for a third straight meeting, citing May CPI at 3.1 percent — the softest print in six years. The vote was five to one. Governor's commentary flagged food-price base effects fading by October, which most trading desks now read as a single rate cut arriving in December.