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RBI likely to maintain status quo
The Morning Standard
|October 03, 2023
For the fourth consecutive time, the apex bank might keep the repo rate unchanged at 6.5%
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THE Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged at 6.5% for the fourth consecutive time this week.
In its bi-monthly policy review during October 4-6, the 6-member Monetary Policy Committee (MPC) is also unlikely to change the policy stance from withdrawal of accommodation factoring the domestic and external economic challenges. With global crude oil prices on the rise, yet again, markets aren't ruling out a 25 bps rate hike taking the key policy rate to 6.75%. The last time RBI raised the repo rate in the ongoing monetary tightening cycle was in February.
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