RBI to hold monetary policy review today

RBI will today announce its first bi-monthly monetary policy review of the new financial year. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting yesterday, with experts saying that the bank is likely to hold the rates



in view of hardening inflation.

In its last two policy reviews, RBI had kept key interest rate on hold at 6.25 per cent. This will be the fourth bi-monthly policy based on the recommendations of the 6-member MPC.