SBI Expected to Cut Repo Rate by 25 Basis Points

The three-day meeting of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) started on 28th September. The six-member committee will review the country's economic situation and decide on key policy rates, including the repo rate.

The meeting will continue from 30th September to 1st October, after which RBI Governor Sanjay Malhotra will announce the monetary policy at 10 AM.

The primary focus of the meeting is to assess the current economic scenario and determine whether a change in the repo rate is needed to boost growth while keeping inflation under control. Every monetary policy decision is crucial for markets, industries, and the general public as it affects borrowing costs and the investment environment.