This means that all external benchmark lending rates linked to the repo rate will not increase, giving relief to borrowers as their EMIs will not increase.

The central bank has kept the repo or short-term lending rate unchanged at 6.5 percent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

The Reserve Bank of India held its key interest rate at 6.50% but shifted its policy stance to "neutral," signaling potential rate cuts amid an economic slowdown. Inflation remains within target, but growth concerns loom.

India’s central bank kept its policy rate unchanged as expected but left the door open for potential easing, keeping an eye on inflation that may become sticky if tensions in the Middle East escalate further.

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts amid early signs of a slowdown in the economy.

In its latest monetary policy meeting, the Reserve Bank of India ( RBI ) kept the repo rate unchanged at 6.5 per cent for the 10th consecutive time. The decision, made by a majority of 5 out of 6 members of the Monetary Policy Committee (MPC),

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to "neutral", opening the door for rate cuts amid early signs of a growth slowdown in the economy.