Sources in Mumbai report that the Reserve Bank of India (RBI) is likely to keep the interest rate unchanged at 6.50%, as discussed in the recent Monetary Policy Committee meeting. The ongoing war in West Asia and rising inflation, particularly food prices, were key factors in this decision. While central banks in the US, UK, and Europe have made rate cuts, the RBI remains focused on controlling local inflation. The fiscal policy meeting continues until October 9th, with expectations that food inflation may ease by year-end.