India cenbank holds rates at 6.50%, shifts stance to 'neutral,' signaling potential rate cuts
The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6.50% but shifted its stance to "neutral," signaling the possibility of rate cuts in the near future. T
his marks a shift from the previous "withdrawal of accommodation" stance as early signs of economic slowdown begin to surface.
The central bank remains focused on controlling inflation, which has stayed below its 4% target for two consecutive months.
Meanwhile, India's benchmark bond yields dropped, and the Nifty 50 and Sensex indexes edged higher following the decision.
