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India central bank keeps repo rate steady as widely expected
['Wed', 'October At Am Gmt', 'Min Read']
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MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% on Wednesday, in line with market expectations, as it evaluates the impact of earlier rate cuts and recent tax reductions amid global trade uncertainties.
The central bank had cut the repo rate by a total of 100 basis points in the first half of 2025, but paused at its previous meeting in August.
The six-member rate-setting panel voted unanimously to keep the key repo rate at 5.50% and decided to continue with a "neutral" policy stance.
The MPC observed that inflation outlook has turned more benign due to lower food prices and tax rate cuts, Governor Sanjay Malhotra said in his statement.
The growth outlook remains resilient, he said.