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.
LIVE UPDATES: RBI Monetary Policy Review MPC Meeting: The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30. The decision will be announced on Friday (September 30). Here are all the LIVE UPDATES on RBI Monetary Policy Review MPC Meeting:- Get more Economy & Infra News and Business News on Zee Business.
LIVE: RBI MPC Meeting August 2022: The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. It might be the third consecutive hike in the repo rate or short-term lending rate in the last three months. The central bank has already announced to gradually withdraw its accommodative monetary policy stance. Get more India News and Business News on Zee Business.
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.