The three-day Monetary Policy Committee meet headed by RBI Governor Shaktikanta Das began from today. The committee will firm up the second bi-monthly monetary policy of the fiscal.
The Reserve Bank of India’s (MPC) is slated to announce its bi-monthly policy on Thursday.
The central bank had cut the short-term lending rate (repo rate) by 25 basis points each in February 2019 and April 2019 to boost economic growth.
According to experts, the Reserve Bank may go for another round of rate cut, third in a row, on Thursday to prop up the economic growth which dropped to a five-year low in the final quarter of 2018-19.
With the outcome of elections now known and Narendra Modi – led National Democratic Alliance (NDA) firmly back in the driver’s seat, the focus has shifted back to the health of the economy and other fundamental factors