Wed Oct 09 04:11:09 UTC 2024: ## RBI Likely to Keep Repo Rate Steady at 6.5% in October Review

**Hyderabad, October 6, 2024:** Economic experts predict that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5% during its upcoming bi-monthly Monetary Policy Committee (MPC) meeting scheduled for October 7-9. This decision comes as the central bank remains cautious about inflation, with both retail inflation and crude oil prices showing an upward trend.

While experts anticipate a potential rate cut in December, they believe the current economic climate necessitates a hold on rates this time. Factors like persistent inflationary pressures and the recent escalation of tensions in West Asia, coupled with rising crude oil prices, have fueled concerns about a premature easing of interest rates.

The MPC, chaired by RBI Governor Shaktikanta Das, will announce its policy decision on October 9. The panel, which underwent a recent revamp with the inclusion of three new members, will carefully assess the current economic situation and take a measured approach to policy adjustments.

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