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.

On Wednesday (9 October), the Reserve Bank of India (RBI) maintained the repo rate at 6.5 per cent for the 10th consecutive time. However, the central bank’s Monetary Policy Committee (MPC) shifted its stance from 'withdrawal of accommodation' to 'neutral.'

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday ahead of RBI’s monetary policy review meeting. While BSE Sensex was above 81,800, Nifty50 crosses 25,050. At 9:16 AM, BSE Sensex was trading at 81,843.35, up 209 points or 0.26%. Nifty50 was at 25,060.00, up 47 points or 0.19%.

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 kept the repo rate unchanged at 6.5% for the 10th straight time on Wednesday. The six-member committee consisted of Saurabh Bhattacharya, Professor Ram Singh, Dr. Rajiv Ranjan,

The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and will run from October 7 to October 9.

RBI Governor Shaktikanta Das said, ‘MPC decided by a majority of five out of six members to keep the policy repo rate unchanged at 6.5 per cent’

The Reserve Bank of India (RBI) has pegged the repo rate unchanged at 6.5 per cent. Governor Shaktikanta Das said while announcing the monetary policy statement on Wednesday that the decision was taken with 5:1 majority.