The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.

The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and will run from October 7 to October 9.

The RBI’s rate-setting panel kept the benchmark repo rate unchanged at 6.5% and shifted policy stance to ‘neutral’. FY25 GDP estimates and CPI inflation forecast were retained.

The Reserve Bank of India kept the repo rate unchanged at 6.5% for the 10th straight time on Wednesday. The six-member committee consisted of Saurabh Bhattacharya, Professor Ram Singh, Dr. Rajiv Ranjan,

The Reserve Bank of India held its key interest rate at 6.50% but shifted its policy stance to "neutral," signaling potential rate cuts amid an economic slowdown. Inflation remains within target, but growth concerns loom.

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 rate-setting panel is widely expected to keep the benchmark repo rate unchanged at 6.5% for the tenth straight meeting. However, most economists estimate a change in policy stance of ‘withdrawal of accommodation’.

Shaktikanta Das announces RBI MPC policy decisions. Stay tuned to our RBI policy live blog for latest updates.

The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.

The central bank has kept the repo or short-term lending rate unchanged at 6.5 percent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side.