BusinessAfter Hat-Trick Of Surprises, Will RBI Pull Another One? Decision Today
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After Hat-Trick Of Surprises, Will RBI Pull Another One? Decision Today
RBI has kept rates unchanged since October
RBI is widely expected to keep rates steady at 6.25% this time
RBI is expected to announce measures to drain excess liquidity with banks
RBI Governor Urjit Patel's comments on the rupee would also be closely monitored.
After springing surprises in all three of its past monetary policy meetings, some analysts have not ruled out another one from the Reserve Bank of India later today. The RBI's Monetary Policy Committee will be announcing its decision at 2:30 pm. The RBI is widely expected to keep its key lending rate or repo rate steady at 6.25 per cent. All 60 economists polled by Reuters predict that the six-member monetary policy committee will le...