Expect status quo by RBI in October policy meeting: SBI Research

The Reserve Bank of India (RBI) is expected to maintain the key repo rate at its next review in October, according to SBI Research. The report suggests that inflation is unlikely to tread below 5% for the rest of the financial year, and therefore the RBI's stance should continue to withdraw accommodation. The RBI has held the repo rate unchanged at 6.5% in its past three meetings, but raised it by 250 basis points since May 2022 to fight inflation.

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