RBI to maintain status quo in first MPC meet of FY22 amid COVID surge
The Monetary Policy Committee (MPC), RBI s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts
PTI | April 4, 2021 | Updated 16:41 IST
RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7
A sudden surge in COVID-19 cases and the government s recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts.