The Reserve Bank of India (RBI) on Wednesday decided to keep the policy repo rate unchanged at 5.5% while announcing its fourth bi-monthly monetary policy. Governor Sanjay Malhotra noted that the decision comes at a time of heightened concerns over US tariff moves and their potential impact on global trade.

The central bank, which has been mandated by the government to maintain retail inflation based on the Consumer Price Index (CPI) within target, signaled that it would continue monitoring both domestic and international developments closely.