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Reliance Securities Report
The Reserve Bank of India’s Monetary Policy Committee meeting has started the meeting on Monday with the RBI Governor Shaktikanta Das disclosing its decision on the repo rate on the morning of October 09.
We expect that the central bank will maintain the repo rate unchanged at 6.50% and will mark the ninth consecutive time the benchmark rate remains unchanged.
The worry for the market and the central bank will be a surge in Brent crude prices.
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