RBI hits pause after five straight rate cuts: Top highlights from MPC meet

The RBI said the monetary transmission has been "full and reasonably swift across various money market segments and the private corporate bond market".

The Reserve Bank of India's Monetary Policy Committee (MPC) decided to pause in December, and left the repo rate unchanged at 5.15 per cent while maintaining the stance as 'accommodative' "as long as it is necessary to revive growth, while ensuring that inflation remains within the target".

Consequently, the reverse repo rate thus remained unchanged at 4.90 per cent, and the marginal standing facility (MSF) rate and the bank rate at 5.40 per cent. 

RBI Governor Shaktikanta Das said while there was space for further easing in future, the central bank wanted to let the impact of the previous