The Reserve Bank of India started its three-day monetary policy meeting on October 7. The question here is whether the RBI will maintain the repo rate at 6.50 per cent or opt for a rate cut, just as the US Fed did by cutting the rates by 50 bps in September.

The RBI MPC Meet kicked-off on Monday, October 07, 2024. The apex bank is unlikely to slash the benchmark interest rate (repo rate) as the RBI Governor Shaktikanta Das would take the final call on Wednesday,

HSBC says some growth indicators are softening, though it may be rotation between sectors than slowdown; core inflation remains low but food and fuel could fall

RBI's three-day monetary policy meeting to address inflation, economic growth, and global uncertainties, with repo rate at 6.50%.

But the central bank may change its stance to “neutral” from “withdrawal of accommodation,” and start the rate-cut cycle from December 2024.

Many economists believe that the six-member MPC may change the monetary policy stance from ‘withdrawal of accommodation’ to ‘neutral’ in the policy meeting next week.

The RBI's monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovis

The MPC was reconstituted at the beginning of this month, adding three external members to the panel. The meeting, scheduled from October 7 to 9, comes at a time when tensions in the Middle East are raising a concern over price of crude oil and commodities as RBI struggles to keep retail inflation under control.