With the Reserve Bank of India’s (RBI) monetary policy meeting in progress and Governor Shaktikanta Das scheduled to declare the benchmark interest rate decision on October 9, analysts predict that the MPC will maintain the repo rate at 6.50 percent.
The MPC is anticipated to consider some significant variables, such as the persistence of inflationary pressures, the unpredictability of the global economy, and developments in domestic growth.
Rates were left constant at the 51st meeting of the Reserve Bank of India, which Governor Shaktikanta Das chaired. According to Governor Das, implementing a flexible inflation targetting framework has contributed to global price stability. The RBI has shifted to a neutral position, although the emphasis is still clearly on inflation.
The MPC adjusted its position in response to the problems facing the global economy and the geopolitical environment. The RBI continues to be unwaveringly focused on inflation and the alignment with the MPC targets in light of the current inflation and economic conditions.
