RBI keeps rate unchanged: What does this mean for borrowers, savers, and investors?

Last Updated: Oct 10 2024 | 5:20 PM IST

The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 6.5% during its October 9 meeting. This marks the tenth consecutive time it has held the rate steady. However, the RBI has shifted its stance to ‘neutral’ from its previous ‘withdrawal of accommodation,’ signalling that rate cuts could be on the horizon. What does this mean for borrowers, savers, and investors? Let’s break it.

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