RBI to announce its Bi-monthly monetary policy review today

Reserve Bank of India will announce its bi-monthly monetary policy review in Mumbai today.

 

The newly-constituted Monetary Policy Committee (MPC) of the RBI began its three-day deliberations on Wednesday, amid industries expectations that the central bank will maintain status



quo on the benchmark lending rates in view of hardening inflation.

 

The meeting of the six-member MPC, earlier slated for September 29-October 1, was rescheduled as the appointment of independent members was delayed.