NEW DELHI — The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday. After the US Fed rate cut, all eyes are on the RBI MPC meeting scheduled to be held on October 7-9 whether it will follow the path shown by the Fed by starting the rate cut cycle or continue to maintain the status quo on both the policy rates and stance. “We feel that the MPC would continue to maintain status quo on the policy rates, since it would like to start the rate cut cycle once it gets convinced that CPI inflation has been controlled in a relatively durable way and it will not be vulnerable to the food inflation fluctuations intermittently,” said Ajit Banerjee, President and Chief Investment Officer, Shriram Life Insurance Company. Further, India, as of now, doesn’t face the challenge of the GDP growth falling consistently. The modest GDP growth numbers of 6.7 per cent in Q1 were primarily driven by adverse base effect and a slowdown in government-driven investment expenditures due to general elections in Q1. The government capex...