RBI Likely To Reduce Rates By At Least 0.25% Today: 10 Things To Know ndtv.com

The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to once again lower the key interest rates, given the consumer inflation reading remaining well within the RBI's medium-term goal for 13 months in a row. If that prediction comes true, it would make today's cut in the repo rate a fifth so far this year. The MPC has reduced the repo rate – the key rate at which the RBI lends short-term funds to commercial banks – by 1.1 percentage point in four bi-monthly reviews so far this calendar year.