RBI might keep interest rates unchanged in October
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The Reserve Bank of India (RBI) is likely to maintain the status quo on policy rates for the fourth consecutive time at its bi-monthly monetary policy review meeting which is scheduled for October 4-6, 2023. This decision comes amid high retail inflation and global factors such as elevated crude oil prices. The Monetary Policy Committee (MPC) is expected to hold its position as inflation remains high and liquidity tight.