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Chaitra Navratri

RBI to announce its final bi-monthly monetary policy review this morning for financial year 2022-23

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The Reserve Bank of India will announce its final bi-monthly monetary policy review today, for the financial year 2022-23. The meeting of the six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das began on Monday and after due deliberations, the policy will be announced at 10 this morning.

Mr. Das is also scheduled to address a press conference at noon. With inflation showing signs of moderation, experts believe that the apex bank may either announce a smaller rise of 25 basis points in the repo rate or pause the rake hiking spree.

In its December monetary policy review, RBI had raised the repo rate by 35 basis points to 6.25 percent. However, the rate has seen an increase of 225 basis points since May last year, primarily to contain inflation, mostly fueled by external factors, especially the global supply chain disruption following the Russia-Ukraine war. (AIR NEWS)

429 Days ago