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Inflation after rate hikes, MPC reviews
The Business Guardian
|June 07, 2024
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is convening for its second meeting of the financial year 2024-25 (FY25) from June 5 to 7.
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Analysts in the market anticipate that the RBI will maintain the repo rate at 6.5 per cent, citing ongoing concerns regarding food inflation.
The repo rate, the rate at which the RBI lends to commercial banks, is expected to remain unchanged for the eighth consecutive time, as indicated by a Bloomberg poll. Despite anticipations of potential interest rate cuts in the near future, the exact timing remains uncertain. The MPC's decision from the upcoming meeting is scheduled to be announced on June 7.
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