Key Points
RBI MPC October Meeting: The Reserve Bank of India shifts to a neutral stance while maintaining the repo rate at 6.5%..
The focus remains on controlling inflation and supporting growth amidst resilient economic conditions..
The Reserve Bank of India-led Monetary Policy Committee (MPC) shifted its stance to neutral after a long period of withdrawal of accommodation stance while maintaining the repo rate at 6.5% for the 10th consecutive time..
Changing the stance to neutral has opened the door for a potential rate cut in December, if inflation risks remain contained, she said, adding that the Indian rate cut cycle would likely be limited to 50 basis points over the next two policy reviews...
FPI flows seen a turnaround from net outflows to net inflows to $19.2 bn during June-OctCAD: Indias current account deficit widened to 1.1% of GDP inQ1FY25.Responsible lending conduct: Banks and NBFCs not permitted to levy pre-payment penalties on any floating rate term loan sanctioned to individual borrowers for non-business purposes.Discussion paper on capital raising avenues for Urban Cooperative Banks (UCBs) to be issued for stakeholder feedback.RBI to launch the Reserve Bank Climate Risk Information System (RBris) for better climate risk assessment by financial institutions.UPI.
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