RBI begins three-day monetary policy meeting, outcome on Oct 6; rate sensitive sectors down

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₹14,768 crore in September and ₹2,868 crore in October so far. Also Read: Nifty 50, Sensex drop over half a percent each: Five key reasons for the market fall - explained (Exciting news! Mint is now on WhatsApp Channels.

Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Experts expect the central bank to keep rates unchanged and maintain its hawkish policy stance on October 6. "The RBI will have little reason to change the current policy settings, and we expect the MPC to keep the repo rate unchanged at 6.5 per cent at the October 6 meeting, flagging waning core inflation, steady economic activity, and some risks of more supply-related price shocks, providing a little cue for a change in policy thinking," Barclays said in a note.

Also Read: RBI monetary policy: Central bank likely to hold interest rates, policy stance-Barclays Madan Sabnavis, Chief Economist at Bank of Baroda also expects the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight. "Going by RBI forecast on inflation, it would be above 5 per cent in Q3 too, which will ensure that the status quo prevails for the calendar year for sure and probably Q4 too," said Sabnavis.

Also Read: RBI likely to maintain status quo on policy rates as inflation still high: Experts RBI's primary goal is to bring inflation down but it also would not want to damage India's economic growth. Experts pointed out that domestic inflation spiked to 7.4 per cent in July and fell back to 6.8 per cent in August and possibly will move towards 5.5 per cent by December.

However, it remains well above the 4 per cent target and will likely remain so for at least a few more quarters. "With growth