RBI to announce its second bi-monthly policy of this fiscal today

Mumbai: RBI will announce its second bi-monthly policy of this fiscal today. RBI’s Monetary Policy Committee’s 3-day meeting began in Mumbai on Tuesday.

The policy will be announced in the backdrop of the decline in the retail inflation to 4.7 percent which came down below 5 percent after 18 months.

According to the experts, the 6 member committee headed by RBI Governor Shaktikant Das is likely to maintain the status quo



about the key rates even after the ease in retail inflation to continue the declining trend.

RBI is expecting the inflation to lower further in this month. After the last MPC meet RBI had paused its rate hike trend by keeping the repo rate at 6.5%.

This will be the first policy after the announcement of the withdrawal of 2000 rupee note from circulation by the apex bank.