The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- Monetary Policy Committee (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday. MPC Chairman RBI Governor Shaktikanta Das will reveal the outcome of the three-day discussion on Wednesday (October 9).
The Reserve Bank of India (RBI) has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023, and experts think some easing could only be possible in December.
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MESSI NETS STARS IN ARGENTINA WIN
Scores hat-trick in South American World Cup qualifier
Vikramaditya and Arnav in joint lead
Kulkarni beat Saikat, Kherdekar outplayed Yash in seventh round
Australia start overwhelming favourites against SA in semis
Depth in batting has been Australia's biggest strength
Kohli calls AB a freak
Most talented cricketer I've played with: Virat
Mbappé's aides dismiss Swedish reports of a rape claim
These accusations are totally false and irresponsible, and their propagation is unacceptable, according to Kylian Mbappé’s representatives
Former spinner Neetu inducted into ICC Hall of Fame
Former India spinner Neetu David, who still holds the record for the best figures (8/53) by a woman in an individual Test innings, on Wednesday became only the second female cricketer from the country to be inducted into the ICC Hall of Fame.
Tendulkar makes NCL evening memorable
Legendary Sachin Tendulkar, presented the Championship trophy to the victorious Chicago Cricket Club as the National Cricket Championship ended on a memorable note.
When skipper Rohit explained Gabba to Pant
A second string India had beaten Australia by three wickets at a venue which was considered a fortress
Champions Trophy without India not an option: ECB
Contingencies available if India don't travel to Pakistan for the major event, say top ECB officials
ATTACK ON N-SITES UNLIKELY, SAYS IRAN
The probability of an attack on Iran's nuclear sites remains low but any potential damage would be \"quickly compensated\", state atomic energy agency spokesperson Behrouz Kamalvandi said on Wednesday, according to semi-official Nournews.
