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The benchmark lending rate or the repo rate will remain unchanged at 6.5 percent, Reserve Bank of India (RBI) Governor Shaktikanta Das announced on December 8, following the conclusion of the three-day meeting of the central bank's Monetary Policy Committee (MPC).

"MPC voted unanimously to leave the repo rate unchanged at 6.5 percent," RBI Governor Shaktikanta Das said, adding that Standing Deposit Facility and Marginal Standing Facility rates have also been left unchanged at 6.25 percent and 6.75 percent, respectively.

"MPC also voted, by 5 votes to 1, to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth," he noted.

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