RBI Monetary Policy repo Rate Updates: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will give its verdict on major interest rates today. The meeting is being held under the leadership of the new Governor Sanjay Malhotra and this is the first monetary review of his tenure.
Experts believe that the country’s economic growth rate can be cut in interest rates to speed up economic growth in view of the possibility of reaching a four -year low.
Sanjay Malhotra took over as a governor in mid -December. Due to major changes in the six -member monetary policy committee, analysts believe that the strict policies of former Governor Shaktikanta Das may see a change.
The three -day meeting began on 5 February and will end today (7 February). Governor Sanjay Malhotra will announce the decision of the meeting and after that we will inform the media through a press conference.