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During the recent Monetary Policy Committee meeting, Governor Shaktikanta Das emphasized the need to wait for more evidence of inflation aligning with the 4 per cent target before making any changes to the current policy rate of 6.5 per cent. The decision to maintain the policy rate was supported by a 5:1 majority, with concerns over rising inflation in October. The outlook for food inflation is improving, but uncertainties remain, prompting a cautious and data-dependent approach to future monetary policy actions.
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