India’s benchmark interest rates remain at 6.5%, with the Reserve Bank shifting to a neutral policy stance, hinting at a potential rate cut in December.

The RBI’s policy panel kept the Repo rate steady in a 5:1 majority decision. New MPC Member Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, voted to reduce the Repo rate by 25 basis points.

The Reserve Bank of India's Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth time overall.

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.

This means that all external benchmark lending rates linked to the repo rate will not increase, giving relief to borrowers as their EMIs will not increase.

The Reserve Bank of India has decided to maintain the repo rate at 6.5 per cent, with a majority vote of 5 to 1. This decision aims to align inflation with set targets

Monetary Policy Committee (MPC), in its meeting held from October 7 to 9, announced on Wednesday that the benchmark repo rate will remain steady at 6.5 percent.

The repo rate, the short-term lending rate, remains unchanged at 6.5 percent, a level it has held since February 2023. Experts anticipate that any easing of rates may not occur until December at the earliest.

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts amid early signs of a slowdown in the economy.

India’s central bank kept its policy rate unchanged as expected but left the door open for potential easing, keeping an eye on inflation that may become sticky if tensions in the Middle East escalate further.