RBI Monetary Policy Committee meets to decide on repo rate

The Reserve Bank of India's Monetary Policy Committee began its meeting today, with a decision on a potential repo rate cut expected Friday. Experts anticipate the RBI will maintain the current repo rate of 5.5% for the fifth consecutive time, citing strong economic growth and easing inflation. The RBI previously cut rates by 100 basis points this year before pausing in August, and may signal future easing if conditions warrant.