RBI to announce its monetary policy review today

    Reserve Bank of India will announce its bi-monthly monetary policy review today morning in Mumbai. The Monetary Policy Committee of the Reserve Bank began its three-day deliberations on Wednesday. AIR correspondent reports, the Monetary Policy Committee of Reserve Bank of India, led by Governor Shaktikanta Das will announce its bi-monthly monetary policy review this morning in Mumbai.

    In its last MPC meeting in October, the RBI kept policy rates unchanged to help tame inflation. The reverse repo rate remained unchanged at 3.35 per cent, the repo rate at 4 per cent. The MPC had also decided to maintain its accommodative stance as long as necessary at least through the current financial year and next year as Indian economy has been entering into a decisive phase in its fight against coronavirus.