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MUMBAI (Oct 15): According to the minutes released on Wednesday, RBI Governor Sanjay Malhotra and other members of the Monetary Policy Committee (MPC) acknowledged that there was scope for an interest rate cut earlier this month. However, they chose to wait for a more suitable time to make that decision.
The next MPC meeting is scheduled to take place from December 3 to 5.
Despite domestic inflation remaining moderate, all six members of the committee unanimously agreed to keep the repo rate unchanged at 5.5%, citing ongoing global uncertainties.
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