The Reserve Bank of India’s Monetary Policy Committee will release its fourth bi-monthly statement of the financial year around noon today. Many economists expect the six-member MPC, chaired by RBI Governor Shaktikanta Das, to announce a fifth consecutive reduction in the repo rate. In four bi-monthly reviews this calendar year, the MPC has reduced the repo rate – the key rate at which the RBI lends short-term funds to commercial banks – by 1.1 percentage point. The commentary of the RBI top brass will be monitored closely for hits of further monetary action in the months to come.
source by NDTV