RBI Keeps Repo Rate Unchanged
RBI keeps repo rate unchanged at 6.5%, changes stance to ‘neutral’
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.
Why has RBI kept Repo rate unchanged for the tenth time and what does change in stance to neutral mean?
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.
No Change In RBI Repo Rate: What It Means For Your Monthly EMIs
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.
RBI Monetary Policy: RBI keeps repo rate unchanged at 6.5%, takes neutral stance: Shaktikanta Das
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.
RBI Monetary Policy Meeting 2024: RBI keeps repo rate unchanged at 6.5% for 10th time in row, stance changed to ‘neutral’
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.
RBI decides to hold policy repo rate; changes stance to neutral
Market participants now expect the stance change will be followed by a rate cut as early as in December, when the next policy review meeting takes place
RBI Keeps Repo Rate Unchanged For 10th Consecutive Time, Monetary Policy Shifted To Neutral Stance
On Wednesday (9 October), the Reserve Bank of India (RBI) maintained the repo rate at 6.5 per cent for the 10th consecutive time. However, the central bank’s Monetary Policy Committee (MPC) shifted its stance from 'withdrawal of accommodation' to 'neutral.'
RBI Keeps Repo Rate Unchanged At 6.5%
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.
India cenbank holds rates, shifts stance to 'neutral' signalling rate cuts ahead
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.
RBI holds interest rate but shifts policy stance to ‘neutral’ signalling future rate cuts
The Reserve Bank of India (RBI) held its key interest rate at 6.50% on Wednesday, while signaling potential for future rate cuts by shifting its policy stance to “neutral” from the previous “withdrawal of accommodation.
RBI MPC Live Updates: Repo rate unchanged at 6.5%, stance changed to ‘Neutral’
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