The Reserve Bank of India is expected to maintain its interest rates during the October monetary policy meeting due to strong domestic growth and lingering inflation concerns. The newly appointed MPC members could introduce dissenting opinions,

The Reserve Bank of India (RBI) is set to kick off its three-day monetary policy (MPC) meeting on Monday. The meeting, which will conclude on October 9, will focus on whether the central bank will maintain the repo rate at its current level of 6.

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

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

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

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

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.