Reserve Bank of India Governor Shaktikanta Das on October 9 said the monetary policy committee decided to keep key policy rates unchanged for a tenth consecutive meeting amid inflationary pressures and announced change in policy stance to 'neutral' from 'accommodation', thus opening the door for rate cuts.

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 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,

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.

RBI Governor Shaktikanta Das will announce the MPC's policy decision on October 9. This is the first meeting of the six-member RBI MPC after half the members were changed last week.

RBI began its fourth Monetary Policy Committee meeting for the ongoing financial year on Monday. Key announcement from the meet will be announced on Oct 9