The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to "neutral", opening the door for rate cuts amid early signs of a growth slowdown in the economy.

"Thus, no rate action, in conjunction with a stance change to neutral with stress on being 'actively disinflationary' is indeed their best bet to prep ground for start of a shallow easing cycle, possibly but not necessarily from December," Madhavi added.

Several factors could derail the inflation trajectory as the MPC keeps its cards on a rate cut close to its chest

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts as early as December. India has lagged global peers in easing policy as inflation has remained above target due to high food prices.

India’s central bank kept its policy rate unchanged as expected but left the door open for potential easing, keeping an eye on inflation that may become sticky if tensions in the Middle East escalate further.

In its latest monetary policy meeting, the Reserve Bank of India ( RBI ) kept the repo rate unchanged at 6.5 per cent for the 10th consecutive time. The decision, made by a majority of 5 out of 6 members of the Monetary Policy Committee (MPC),

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to "neutral", opening the door for rate cuts amid early signs of a growth slowdown in the economy.