Between a pause and a pivot: What will RBI MPC do on Oct 6?

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 6.5% at its upcoming meeting. The RBI will be in a wait-and-watch mode to assess the impact of previous rate hikes before making any decisions. India’s economic growth forecast of 6.3% by the World Bank is slightly lower than the RBI’s estimate of 6.5%.