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RBI’s 3-day MPC meeting begins today; all eyes on repo rate decision
['Telangana Today']
Telangana Today
RBI’s 3-day MPC meeting begins today; all eyes on repo rate decisionThe RBI's three-day Monetary Policy Committee meeting began on Monday, with markets expecting the repo rate to remain unchanged at 5.25 per cent.
Many analysts expect the six-member MPC to keep the policy repo rate unchanged at 5.25 per cent after maintaining the status quo in its June meeting.
Additionally, at its previous policy review in June, the RBI had unanimously retained the repo rate at 5.25 per cent and kept its policy stance neutral.
The central bank also revised its FY27 GDP growth forecast to 6.6 per cent amid geopolitical tensions.
Markets will also closely watch the RBI’s commentary on inflation risks, growth prospects and global developments for signals on the future course of monetary policy.