logo
 
Reserve Bank of India will announce its sixth and the final bi-monthly monetary policy for 2017-18 today. 

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Urijit Patel began its meeting in Mumbai yesterday. All eyes will on RBI’s inflation estimates. Central Bank may toughen its warning against



inflation. 

The policy statement is likely to guide the direction of interest rates, even if there is no rate action immediately.Though RBI has held the rates steady since a 25 basis point cut in August, prospects of rate hike have increased as annual inflation accelerated to 5.21 percent in December 2017. RBI is also worried about higher global crude prices.


No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think Ruturaj Gaikwad would be a good captain for Chennai Super Kings?

Yes
No
Can't Say