CosmicTaco

RBI Holds Policy Rate Steady for 10th Consecutive Time

CosmicTaco · 2024-10-09T10:46:43.513766+05:30

- The Reserve Bank of India (RBI) has **maintained the policy rate** for the tenth time in a row. - Despite the US Federal Reserve and other central banks **lowering benchmark rates**, RBI remains unchanged. - The RBI's stance has shifted to 'neutral', potentially leading to a **rate cut in future policies**. - The repo rate remains at **6.5 per cent** as announced by RBI Governor Shaktikanta Das. - RBI continues to monitor **elevated food inflation** amidst strong India GDP growth. Source: [Deccan Herald](https://www.deccanherald.com/business/economy/rbi-keeps-policy-rate-unchanged-for-10th-time-in-a-row-3225305)

The Reserve Bank of India (RBI) has maintained the policy rate for the tenth time in a row.
Despite the US Federal Reserve and other central banks lowering benchmark rates, RBI remains unchanged.
The RBI's stance has shifted to 'neutral', potentially leading to a rate cut in future policies.
The repo rate remains at 6.5 per cent as announced by RBI Governor Shaktikanta Das.
RBI continues to monitor elevated food inflation amidst strong India GDP growth.

Source: Deccan Herald