The Reserve Bank of India (RBI) is unlikely to reduce its repo rate anytime soon, following its decision to pause such action in April 2023, according to experts. Madhavi Arora, lead economist at Emkay Global Financial Services, said the RBI will likely be balanced yet non-committal in its policy tone, retaining policy flexibility and adding to its inflation-fighting credibility. Madan Sabnavis, chief economist at the Bank of Baroda, added: The MPC [Monetary Policy Committee] will not change the repo rate. The inflation is less than 5% and will be in the coming months.
RBI to Maintain Repo Rate Pause, Experts Say
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