RBI MPC to start today: Will there be a rate cut? 3 things to know
India TodayThe Reserve Bank of India’s Monetary Policy Committee begins its three-day meeting today. The Reserve Bank of India has kept the repo rate steady at 6.5% for the last nine policy meetings, and it appears likely to maintain this position in the upcoming MPC announcement as well. The RBI may opt for easing liquidity by announcing a 50-basis-point CRR cut, injecting Rs 1.2 lakh crore into the banking system, while holding the repo rate steady to manage inflation risks." Jyoti Prakash Gadia, MD at Resurgent India, pointed out, "Given food inflation above 6% in October and GDP growth of 5.4%, the time is not right for a rate cut. While experts and leaders have called for rate cuts, the RBI is likely to hold key lending rates steady with Governor Shaktikanta Das highlighting risks of inflation.