RBI’s first monetary policy meet after PM Modi takes charge

PTI

File photo: Shaktikanta Das, governor of Reserve Bank of India. (PTI Photo)

File photo: Shaktikanta Das, governor of Reserve Bank of India. (PTI Photo)

The Reserve Bank of India will conclude the three day monetary policy meeting in Mumbai today.

Headed by RBI Governor, this is the second bi-monthly monetary policy meeting of the fiscal.

The RBI under its new Governor Shaktikanta Das has cut its key rates by a cumulative 0.50 percent since he took charge.

Economic experts believe that RBI may go for another round of rate cut to prop up the economic growth which dropped to a five-year low in the final quarter of 2018-19

The central bank had cut the short-term lending rate also known as the repo rate by 25 basis points each in its last two policy reviews.

Earlier this week, the Monetary Policy Committee headed by Das on Monday started deliberations on its bi-monthly policy review.

(PTI)