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RBI Monetary Policy Live Updates: MPC Live, Repo Rate, Inflation, Shaktikanta Das, Reverse Repo Rate

The Reserve Bank of India (RBI) is expected to maintain status quo in its bi-monthly monetary policy meeting to be held on October 8. India’s central bank’s six-member Monetary Policy Committee (MPC) is likely to keep the key lending rate – repo rate unchanged at 4 per cent for the eighth time in a row, most analysts believe. However, some experts and market watchers said that RBI may surprise the market by changing the reverse repo rate. The policy stance is likely to be kept unchanged at ‘accommodative’. Amid rising global commodity prices and depreciating rupee in the international market, the market will be watching how RBI Governor Shaktikanta Das plans to manage inflation at home. Most analysts believe the change in forward guidance will favor a gradual return to normalcy.

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