The RateLimitError: Error code: 429 indicates that your requests have exceeded the token rate limit for your current pricing tier, even if your metrics do not show usage close to the limit. The token count used for rate limiting is an estimate based on the character count of the API request, which may differ from the actual token count used for billing. The rate limit expects requests to be evenly distributed over a one-minute period. your requests are distributed evenly over time. Additionally, you may want to review the settings for max_tokens and best_of to minimize the token count for each request. You can also adjust max_response size by explicitly mentioning in system message to keep it under 100 or 200 words.
Kindly refer below link: rate-limits
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