India, April 8 -- The Reserve Bank of India maintained status quo on repo rate in first monetary policy decision since the Iran war broke out, even as the announcement of a two-week ceasefire cooled crude oil prices and boosted rupee.

The RBI's six-member Monetary Policy Committee voted unanimously to keep the benchmark repo rate at 5.25%, matching all economist estimates in a Bloomberg survey. The policy stance was retained at neutral.

"The high-frequency indicators indicate sustained momentum and economic activity," the RBI governor said. "The headline inflation remains contained and below central bank's target of 4%."

Amid the Iran war, RBI now sees India's inflation rate at 4.6% in FY27 with core inflation is likely to come in at 4...