The third bi-monthly monetary policy statement for FY24 is scheduled to be released today by Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday. The decision by the six-member Monetary Policy Committee (MPC) of the RBI was held for three days from August 8 to August 10.According to the reports, the RBI is expected to maintain the repo rate at 6.5% today despite ongoing concerns over inflation. Shaktikanta Das, the governor of the RBI, kept interest rates unchanged in its last two policies despite strengthening macroeconomic conditions. However, the central bank has increased the repo rate by 250 basis points (bps) since May 2022.It is also anticipated that there are low chances of changing of stance from the withdrawal of accommodation to neutral, and hence they expect no change in the stance.Some the experts are expecting that the rates will remain at 6.5% however, some anticipate that it may be cut down to 6.25%.
