Repo rate likely to be on hold, cuts expected in early 2024: Morgan Stanley

New Delhi [India], April 22 (ANI): The Reserve Bank of India (RBI) is likely to keep the repo rate on hold for now as inflation figures seem to be under control and any reduction in the key interest rate is expected only in the early part of 2024, Morgan Stanley said in a report.

The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate -- the repo r