What to expect from RBI MPC October 2024 meeting on Wednesday: Experts' Take - Rate Cut On Cards?

The stock market is closely monitoring the outcome of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting, which commenced on October 7, with the results set to be announced on October 9, 2024.The S&P BSE Sensex has already fallen by over 5% or nearly 5000 points in the last six trading sessions in the run up to the event weighed down by geopolitical concerns.However, most economists and analysts rule out a rate cut in the October policy meeting but a change in stance is something that isn't completely ruled out. A dovish tone in the commentary of the RBI governor could dictate market trends.Also Read: RBI MPC: When and where to watch outcome of rate-setting panel's meeting Rate Cut On Cards?