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 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.

RBI Monetary Policy October 2024 Live, Gov Shaktikanta Das Announcements Live Updates: With the RBI MPC meeting on its third and final day, Governor Shaktikanta Das is all set to announce the decision soon.

RBI Governor Shaktikanta Das is set to announce the bi-monthly MPC meeting outcomes, likely maintaining repo rate at 6.5%. Despite US rate cuts, RBI ties future cuts to domestic inflation hitting a 4% target.