The Reserve Bank of India (RBI) is anticipated to keep the repo rate unchanged at 6.5% in its upcoming October 2024 meeting, despite the recent interest rate cut by the US Federal Reserve. The Fed reduced its policy rate by 50 basis points (bps), bringing it down to 4.75-5% for the first time in four years. However, the RBI is expected to focus more on domestic factors, including inflation and economic growth, than to mirror the Fed’s move. In its last meeting in August too, the Indian central bank had kept its rate unchanged for a ninth consecutive meeting citing persistent food inflation as …