India, Oct. 1 -- The Reserve Bank of India (RBI) has maintained a status quo on its repo rate, indicating that it's in a wait-and-watch mode as far as tariff impact on India is concerned.

At the same time, the RBI now expects India's inflation rate at 2.6% in FY26 versus 3.1% estimated earlier. India's GDP growth rate is now seen at 6.8% in FY26 as against 6.5% earlier.

The monetary policy stance remains neutral.

Earlier, while a majority of economists-24 of 39 surveyed by Bloomberg News-had predicted the RBI repo rate to stay at 5.5%, 15 expected a quarter-point reduction. Even many of those forecasting a hold say there was a justification to ease.

The status quo opens up the window for a rate cut in the December policy.

RBI Governo...