NEW DELHI: Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external members will commence its maiden meeting on Monday.
The outcome of the three-day meeting of the MPC would be revealed by MPC Chairman RBI Governor Shaktikanta Das on next Wednesday (October 9).
It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members.
This would be tenth time in a row when the RBI will maintain status quo as far as policy rate is concerned. The MPC last revised interest rate in February 2023, when it was hiked to 6.5 per cent.
This story is from the October 03, 2024 edition of Millennium Post Delhi.
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This story is from the October 03, 2024 edition of Millennium Post Delhi.
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