The Reserve Bank of India’s (RBI) upcoming Monetary Policy Committee (MPC) meeting, scheduled from September 29 to October 1, is expected to maintain the current policy stance, with a low probability of a rate cut, experts said on Sunday.
Experts noted that the MPC meeting comes against a backdrop of ongoing global tariff tensions and concerns over the fiscal health of advanced economies.
“The Indian economy has shown strong resilience, achieving a five-quarter high growth in the first quarter of 2025-26, driven largely by domestic consumption and other local factors,” they said.
The experts added that, while uncertainties remain regarding global growth, recent domestic data suggest limited downside risks.
However, experts cautioned that a lower tax collection could lead to reduced gov