RBI MPC Meeting 2024 LIVE: Repo rate expected to remain unchanged; all eyes on new policy committee

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RBI MPC Meeting 2024 LIVE: Repo rate expected to remain unchanged; all eyes on new policy committee - Business Standard

Quick Summary:

In its 50th monetary policy review, the RBI’s MPC decided to keep the repo rate unchanged at 6.5 per cent, maintaining its ‘withdrawal of accommodation’ stance.

Nomura’s Sonal Verma expects a rate-cutting cycle to begin in October, while HDFC Bank sees possible policy accommodation if food inflation is controlled.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) began its three-day deliberations on Monday.