Rate hike? RBI's MPC meet begins

February 06, 2023 16:12

RBI governor Shaktikanta Das

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.

The decision of the six-member rate setting panel will be announced by the Governor on Wednesday.

With retail inflation showing signs of moderation and remaining below the Reserve Bank of India's 6 per cent upper tolerance level, and projected slowdown in GDP growth in the next fiscal starting April, experts are of the opinion that the central bank may only opt for a 25 basis points hike in the key interest rate.

Another opinion is that the RBI may press the pause button on rate hike on Wednesday itself. -- PTI

« Back to LIVE

TOP STORIES

Rahul Gandhi skips Amethi, files nomination from Rae Bareli

Kishori Lal Sharma, a close aide of the Gandhi family, has been fielded from the Amethi Lok Sabha seat, the party said in a statement.

Nitish becoming one of my favourites: Shane Watson

Former Australian all-rounder Shane Watson hailed young Indian uncapped all-rounder Nitish Kumar Reddy, saying that he is one of his favourite players to watch and lauded his dominance over the experienced spin duo of Yuzvendra Chahal...

Accepted defeat: Smriti Irani after Rahul ditches Amethi

Irani said that Rahul Gandhi's candidature from Raebareli is a "victory" for the people in Amethi.

Few chess moves...: Cong on Rahul's Raebareli move

'Rahul is a seasoned player of politics and chess. He makes his moves after careful consideration.

ICC Annual Rankings: India lead white-ball formats while Australia take top spot in Tests

The International Cricket Council issued the annual team rankings update on Friday, with Australia taking the top spot in Test cricket and India maintaining supremacy in both white-ball formats.