New Delhi, Aug. 6 -- The Reserve Bank of India has maintained its benchmark repo rate at 5.5 percent following the conclusion of its bi-monthly Monetary Policy Committee meeting.

The decision comes as the Indian rupee continues to face downward pressure, with the currency declining 16 paise following fresh tariff threats issued by US President Donald Trump targeting Indian goods.

RBI Governor Sanjay Malhotra announced the decision during the MPC meeting held to formulate the central bank's monetary policy strategy.

The committee, which convenes every two months, opted to maintain a neutral policy stance amid evolving global uncertainties. In June, the RBI had reduced the key lending rate by 50 basis points in response to moderating inf...