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

What will Shaktikanta Das say on RBI's policy stance? Stay tuned to our RBI policy live blog for the latest updates.

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.

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A poll by Moneycontrol of 12 economists, bankers, and fund managers showed that the RBI’s Monetary Policy Committee (MPC) will keep the key interest rates unchanged.

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.