The Reserve Bank of India’s (RBI) reconstituted six-member Monetary Policy Committee (MPC) is expected to maintain the “status quo” for the 10th consecutive policy review, said all 10 respondents surveyed by Business Standard ahead of the meeting of the panel. during October 7-9.
The RBI will announce the review of the policy on October 9.
The decision to keep rates unchanged would be based on the continued risk of food inflation as daily retail prices, especially those of vegetables, continue to rise, respondents in the poll said.
After an increase in the repo rate by 250 basis points (bps)