RBI's MPC Starts Deliberations on Bimonthly Policy

The RBI Governor Sanjay Malhotra-headed rate-setting panel on Monday started the three-day deliberations to decide the next bi-monthly monetary policy amid expectations of a pause in the rate easing cycle.

- PRESS TRUST OF INDIA

The Reserve Bank of India started the rate easing cycle in February and since then has reduced the short-term lending rate (repo) by 100 bps in three tranches.

Governor Malhotra-headed six-member rate-setting panel—the Monetary Policy Committee—is scheduled to announce the next bi-monthly policy rate on Wednesday.