New Delhi, Aug. 5 -- The Reserve Bank of India (RBI) on Wednesday, August 5, kept the policy repo rate unchanged at 5.25% and retained its "neutral" stance, signaling a cautious wait-and-watch approach amid rising global and domestic uncertainties.

Announcing the decision after the August Monetary Policy Committee (MPC) meeting, RBI Governor Sanjay Malhotra said the growth outlook remains uncertain because of factors such as the Southwest monsoon, El Nino conditions, geopolitical tensions in the Middle East, and global trade policy developments.

He added that the central bank needs greater clarity regarding inflation, its path and composition before taking any policy action, while also keeping in mind the need to recalibrate rates in li...