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 (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.

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

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.

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 Holds Interest Rates Steady, Signals Potential Rate Cut in Upcoming Months The Reserve Bank of India (RBI) kept interest rates unchanged at 6.5% during its recent policy meeting, as widely anticipated.

In its latest monetary policy meeting, the Reserve Bank of India ( RBI ) kept the repo rate unchanged at 6.5 per cent for the 10th consecutive time. The decision, made by a majority of 5 out of 6 members of the Monetary Policy Committee (MPC),