The Reserve Bank of India will announce its bi-monthly monetary policy review today. RBI Governor Sanjay Malhotra will announce the latest repo rate decision in Mumbai at 10 AM. Monetary Policy Committee (MPC) of the central bank began its 3-day meeting on Monday. The policy decision comes at a crucial juncture amid persistent geopolitical tensions and a hawkish US Federal Reserve.
The RBI is expected to hold the core repo rate unchanged at 5.25 percent. This would mean that the six-member MPC is anticipated to retain a neutral stance. The repo rate is the interest fee the Reserve Bank of India charges when it lends money to commercial banks. The central bank in its commentary will lay out the inflation risks, crude oil prices, and global geopolitical uncertainties that may affect the Indian economy.
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