Monetary Policy today: RBI unlikely to change key interest rates amid pandemic
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The Reserve Bank of India's rate-setting panel, Monetary Policy Committee (MPC), will announced its decision today after three-day deliberations. Expectations are high that the bank will maintain a status quo on benchmark rate mainly on account of uncertainty over the impact of the second wave of COVID-19 pandemic. Moreover, the fears of firming inflation may also refrain the MPC from tinkering with the interest rate in its bi-monthly monetary policy outcome.
The Reserve Bank of India's rate-setting panel, Monetary Policy Committee (MPC), will announced its decision today after three-day deliberations. Expectations are high that the bank will maintain a status quo on benchmark rate mainly on account of uncertainty over the impact of the second wave of COVID-19 pandemic. Moreover, the fears of firming inflation may also refrain the MPC from tinkering with the interest rate in its bi-monthly monetary policy outcome.
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