Experts Foresee Status-Quo: Crucial Insights Ahead of RBI’s Policy Review | Finance News
The Reserve Bank of India (RBI) is anticipated to maintain the repo rate at 6.5% during its upcoming monetary policy review. Despite recent reductions in inflation, retail inflation concerns and geopolitical tensions in the Middle East affecting commodity prices are influencing this decision. The Monetary Policy Committee (MPC), newly reformed with three external members, will begin its first meeting this week, headed by RBI Governor Shaktikanta Das. Experts suggest that while the RBI may shift to a neutral stance, actual rate cuts may not happen until December. Despite global trends of rate cuts, including the US Federal Reserve’s recent actions, India’s situation differs due to persistent inflation risks, particularly from food prices. This meeting marks the tenth consecutive decision to maintain the rate since it was last increased in February 2023.
Original Story https://www.business-standard.com/finance/news/status-quo-on-rates-likely-say-experts-ahead-of-rbi-s-policy-review-124100600196_1.html
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