RBI holds rate for 10th time, changes stance to 'neutral'
Thursday, 10 October 2024
RBI shifts its monetary policy stance from 'withdrawal of accommodation' to 'neutral,' keeping the policy repo rate steady at 6.5%. This marks a potential step towards rate cuts, aligning with balanced inflation and growth. RBI governor Shaktikanta Das notes no current plans for immediate rate cuts despite moderated inflation and steady domestic economic activity.
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