RBI's 3-day MPC meet starts today, may go for 25 basis points repo rate hike
The retail inflation based on the Consumer Price Index (CPI) has shown signs of moderation in November and December as it fell below the RBI's upper tolerance level of 6 per cent
The three-day deliberations of the Reserve Bank of India's(RBI's) rate-setting panel -Monetary Policy Committee (MPC) meeting of the Reserve Bank of India is set to commence today. The decision will be announced on 8 February. With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 basis points repo rate hike according to the experts.