RBI policy meet begins decision on key rate today

RBI policy meet begins decision on key rate today

Reserve Bank of India Governor Urjit Patel headed Monetary Policy Committee (MPC) started two day deliberations on Tuesday amid several experts saying that the central banki s unlikely to lower the key interest rate and will stay focused on controlling inflation

The MP Cmeeting out come on Wednesday is being keenly awaited by all stakeholders, including the industry and stock markets. In its October review, the MPC had kept the benchmark interest rate unchanged on fear so frising inflation, while lowering growth forecast to 6.7 percent for FY18.

The Business Standard, New Delhi, 6th December 2017

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