Why did RBI governor Shaktikanta Das-led MPC not cut repo rate despite GDP shocker? Top 5 points to know

RBI MPC meeting: The Reserve Bank of India (RBI) maintained the repo rate at 6.5% while reducing the Cash Reserve Ratio (CRR) to 4%. The RBI acknowledged a growth slowdown, revising the GDP forecast to 6.6% and increasing the inflation estimate to 4.8%.