The Reserve Bank of India (RBI) governor Shaktikanta Das is announcing monetary policy statement from 10 am today. RBI's post-policy press conference is scheduled for 12 pm today, the RBI stated. The 3-day RBI bi-monthly policy is on since Wednesday and the outcome of the six-member MPC headed by the governor will announce MPC decisions today.
In its preceding policy meet in October, the Central Bank had kept the key repo rate unchanged in view of heightened retail inflation which has persistently remained above its comfort level.
The RBI's monetary policy committee is broadly expected to leave interest rates unchanged amid persistently high inflation and economy performing better than expected in September quarter.
Inflation has remained consistently above the upper end of RBI's mandated 2 percent-6 percent target range every month barring March this year while core inflation has also remained sticky. According to experts, the stubborn retail inflation, which has remained above the comfort level of the RBI of around 4 percent, will refrain the central bank from reducing interest rate today.
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