RBI MPC meet 2022: The MPC is expected to hike the policy rate from 5.90 per cent currently as inflation is above the central bank’s tolerance band, 2-6 per cent.
RBI MPC announcement: The central bank hiked repo rate by 50 basis points (bps) to 4.90 per cent since inflation is above the central bank’s upper tolerance limit.
Reserve Bank of India (RBI) Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday.