GS--India: RBI policy review: RBI changes policy stance to “neutral”

The RBI MPC voted 5:1 to keep the policy repo rate unchanged at 6.50% at the nOctober meeting in-line with expectations, but changed the policy stance from

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The RBI MPC voted 5:1 to keep the policy repo rate unchanged at 6.50% at the
n
October meeting in-line with expectations, but changed the policy stance from
“withdrawal of accommodation” to “neutral” unanimously. Newly appointed
external MPC member, Dr. Nagesh Kumar voted for a 25bp cut.
The RBI however, remained upbeat on GDP growth and kept their

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