RBI Monetary Policy meet: MPC decision likely caught between devil and deep sea, says expert
RBI Monetary Policy meet: The Reserve Bank of India’s rate-setting Monetary Policy Committee is set to meet between August 4 and August 6 but another rate cut is unlikely, believe experts. The meet comes at a time when number of coronavirus cases in India continue to rise even as most economic activities have been opened.
In March this year, MPC had slashed the repo rate by 75 basis points, bringing it down to 4.4 percent from the earlier 5.15 percent. Source - PTI.