Reserve Bank of India keeps key interest rate at 6.50%, shifts stance to 'neutral' for possible future rate cuts.

The Reserve Bank of India has kept its key interest rate at 6.50% but altered its stance to 'neutral', hinting at possible future rate cuts amid early economic slowdown signs. Despite maintaining its focus on inflation control—below 4% for two months—this change has led to a decline in India's benchmark bond yields and a slight increase in stock market indices Nifty 50 and Sensex.

October 09, 2024
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