A Goldman Sachs report expects the RBI Monetary Policy Committee (MPC) to hold the policy repo rate at 5.50 per cent at the October meeting.
Mumbai:
The Reserve Bank of India (RBI) – which has already reduced the key short-term lending rate (repo) by 100 basis points in three tranches, beginning in February, amid declining consumer price index (CPI) based inflation- opted for a status quo in the August bi-monthly monetary policy, taking a wait-and-watch approach to assess the impact of US tariffs and other geopolitical developments on the domestic economy.
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