– Date: October 6, 2023 – Fourth bi-monthly monetary policy for 2023-24 – MPC meeting started on October 4, outcome awaited on Friday.

– Most economists predict no change in the repo rate. – Expectation of a hawkish pause to combat inflation.

– RBI raised rates by 150 basis points since May 2023. – Response to inflation exceeding the 6% target. – Inflation at 7.01% in August 2023. Slide 4: Cautious Stance and Glob

– RBI likely to maintain a cautious stance. – Global economic uncertainty and Ukraine conflict influence decision. – Commitment to control inflation.

– RBI's decision has significant economic implications. – Unchanged rates may support growth. – Rate hikes can control inflation but may slow down economic growth.