RBI Monetary Policy Committee meeting from Oct 7, decision on repo rate to be announced on October 9

New Delhi| The Reserve Bank of India (RBI) is starting its three-day monetary policy meeting on Monday. This meeting will run from 7 October to 9 October. All eyes in the market are on the MPC meeting, as the central bank has kept the repo rate unchanged for the last nine consecutive meetings.

The repo rate, which currently stands at 6.50 per cent and has remained stable, has since the RBI adopted a cautious approach to balance inflation control and economic growth. The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, is expected to consider key factors such as inflation trends, global economic uncertainties and domestic growth prospects.