RBI may opt for status quo on rate

FPJ BureauUpdated: Thursday, May 30, 2019, 12:17 PM IST
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Monetary Policy Panel

Mumbai : As the newly-constituted Monetary Policy Committee (MPC) started its first meeting on Monday to fix the benchmark interest rate, experts said RBI may opt for status quo and wait for further easing of inflation.

The 6-member panel headed by RBI Governor Urjit Patel began its two-day deliberations to consider various factors like inflation, credit offtake and the need to propel growth, foreign trade and global economic factors. Moving away from the usual practice of announcement at 11 am, the fourth bi-monthly monetary policy review would be made public at 2:30 pm on Tuesday  after the MPC meeting.

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