The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) will keep the benchmark repurchase rate at 4% today, according to all 44 economists surveyed by Bloomberg as of yesterday afternoon.
MUMBAI: India’s monetary policymakers will likely maintain interest rates at a record low for a sixth straight meeting, while retaining their dovish bias for as long as needed to revive the economy from the pandemic.
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) will keep the benchmark repurchase rate at 4% today, according to all 44 economists surveyed by Bloomberg as of yesterday afternoon.
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