No change in the policy interest rates has been made by the Monetary Policy Committee of the Reserve Bank of India. The repo rate was maintained at 6.5% after discussion in the 51st meeting of the MPC. This was announced by RBI Governor Shaktikanta Das on Thursday after a three-day MCC meeting. The stance was agreed to be kept neutral by all MPC members.

It was said by RBI Governor Shaktikanta Das that the flexible monetary policy framework has completed 8 years, and it is considered a major structural reform. It was stated by RBI Governor Shaktikanta Das that the monetary policy stance has been changed to 'neutral' by the central bank. It was mentioned that the benchmark interest rate has been kept unchanged at 6.5 percent for the 10th consecutive time by the RBI.

The market's attention was remained on the MPC meeting which began on 7 October 2024. The repo rate had been kept stable at 6.50 percent for the last nine consecutive meetings by the central bank. A stance to balance inflation concerns with the need for economic growth had been taken by the RBI in previous meetings. The major factors considered by the MPC this time included the pressure of continuously rising inflation, especially food prices, as well as global economic uncertainities.