With this new stance, many experts believe the central bank is opening the door for potential rate cuts in the near future. Below are key insights from industry professionals on what this policy change means for the Indian economy and financial markets.

RBI Governor Shaktikanta Das states elevated rates aren't hindering growth, citing strong economic activity and robust investment intentions.

RBI is expected to keep interest rates unchanged today, as rising food prices maintain economic pressure. However, easing core inflation and decreasing global borrowing costs might prompt the central bank to shift to a neutral stance next quarter.