RBI Monetary Policy Committee to decide on repo rate today

The RBI's six-member Monetary Policy Committee convenes today to assess economic conditions and determine the appropriate course for monetary policy. The decision comes as policymakers balance inflation control with support for economic growth in the world's fifth-largest economy.

Market expectations suggest the central bank may raise the repo rate, the key lending rate at which banks borrow from the RBI, by 25 basis points to 5.50 percent. This would mark another step in the RBI's rate-hiking cycle aimed at managing price pressures across the economy.

The committee's decision will be closely watched by economists, investors, and market participants who use the policy rate as a benchmark for broader lending conditions. Any change to the repo rate typically influences home loan rates, auto loans, and other consumer credit products across the banking sector.

The RBI will release its policy decision along with a detailed monetary policy statement outlining the rationale behind the committee's decision. The announcement will provide guidance on the central bank's inflation outlook and future policy direction.