The central bank’s monetary policy committee meeting begins today, and RBI Governor Shaktikanta Das is set to announce the MPC’s policy decision on October 9 amid mixed expectations.

While the US Federal Reserve delivered a 50 bps rate cut, the Reserve Bank of India is expected to hold policy rates steady at its October 2024 meeting, focusing on domestic factors like inflation and growth.

Speculation has grown about the possibility of a rate cut or a shift in monetary policy, especially after the US Federal Reserve delivered an unexpected 50-basis-point cut in September 2024.

The Reserve Bank of India started its three-day monetary policy meeting on October 7. The question here is whether the RBI will maintain the repo rate at 6.50 per cent or opt for a rate cut, just as the US Fed did by cutting the rates by 50 bps in September.

HSBC says some growth indicators are softening, though it may be rotation between sectors than slowdown; core inflation remains low but food and fuel could fall

RBI begins a three-day monetary policy meeting today, assessing whether to maintain repo rate at 6.50%. Inflation and global uncertainties will be key factors.