RBI’s October MPC review: No change in repo rate, stance revised to ‘neutral’, announces Shaktikanta Das

RBI Repo Rate Decision: The Reserve Bank of India’s Monetary Policy Committee headed by the Governor of Finance decides the repo rate—or the main interest rate at which the RBI lends money to commercial banks—considering several factors including consumer inflation (measured by CPI) and GDP growth. It is the same rate that determines the interest rates that commercial banks like SBI and HDFC Bank pass on to their customers.