The Reserve Bank of India has decided to maintain the short-term lending rate, or repo rate, at 6.5 per cent after its latest Monetary Policy Committee (MPC) meeting. The decision is in line with analysts' expectations, as the central bank remains cautious in its approach towards rate adjustments. In addition, the MPC has also projected a retail inflation rate of 4.5 per cent for fiscal 2024-25, while emphasizing on the need to maintain stability in interest rates for borrowers. As Indian benchmark indices continue to trade in the red, experts believe that this decision will provide much-needed assurance and confidence to the real estate market. Here's a summary of the latest developments from RBI's MPC meet.