New Delhi, Sept. 30 -- The Reserve Bank of India (RBI) is widely expected to maintain status quo on interest rates at its upcoming Monetary Policy Committee (MPC) meeting, though the possibility of a rate cut remains a close call. The outcome will be announced by RBI Governor Sanjay Malhotra on Wednesday, October 1, at 10 AM.

The RBI has underlined that monetary policy alone has limited scope to accelerate growth, with fiscal measures such as Goods and Services Tax (GST) rate cuts playing a more prominent role in boosting consumption.

The central bank is therefore expected to adopt a wait-and-watch stance, evaluating how GST-driven consumption trends evolve amid global and domestic risks. The rupee remains under pressure, while global u...