RBI Monetary Policy Committee Convenes Amid Expectations of First Repo Rate Hike

The Reserve Bank of India's six-member MPC is set to meet from October 5 to 7 to review interest rates, with the decision scheduled for October 7.

A Reuters poll indicates nearly 60% of economists expect a 25 basis point repo rate hike to 5.50%, marking the first increase since February 2023.

Expectations for monetary tightening have grown after retail inflation rose to 4.82% in August, remaining above the central bank's 4% target.