In accordance with forecasts, the Reserve Bank of India (RBI) today kept repo rates at 6.50%. Due to high inflation rates, the repo rate has gone up since February 2022 by up to 250 basis points, or 2.5%. However, the main justification for today’s move to maintain current interest rates was due to declining inflation. In reality, the consumer price index-based inflation rate fell to an 18-month low of 4.7% in April 2023 from 5.7% in March 2023 after the last policy was implemented in April 2023. Analysts claim that the RBI’s decision to keep the repo rate at 6.5% at its second bimonthly monetary policy meeting of FY24 will have an influence on the home loan, debt instrument, and real estate sectors.