The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 percent but shifted its policy stance to neutral. This decision follows the US Federal Reserve’s recent jumbo rate cut of 50 basis points.
A poll of 12 economists, bankers, and fund managers had predicted the RBI would maintain the status quo on interest rates. The change in stance signals that the RBI may be open to adjustments in the future, depending on evolving economic conditions.
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Source: Moneycontrol
News Desk
