From ‘withdrawal of accommodation’, RBI Monetary Policy Committee has altered its stand to ‘neutral’ in the gone by October policy. But this shouldn’t tempt one to think that a rate cut is around the corner because the animal called inflation may have changed its form from an elephant to a horse,

The Reserve Bank of India Governor-led Monetary Policy Committee decides the repo rate—or the key interest rate at which the RBI lends money to commercial banks—taking into account a number of factors including consumer inflation (measured by the CPI) and GDP growth.

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.

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.

The central bank has kept the repo or short-term lending rate unchanged at 6.5 percent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank’s decision on policy rates.