Mumbai - The RBI's decision to maintain the repo rate at 6.5% signals stability amidst global slowdown. Increased liquidity due to reduced govt borrowing will bring down rates. It also reflects support for economic growth and financial stability. With inflation expected to ease in 2024, the RBI's cautious approach aims to strike a balance between containing inflation and fostering economic momentum, says Mr. Rajiv Agarwal, MD & CEO, Essar Ports.