<span style="color: #222222;">The three-day Monetary Policy Committee Meeting began today in Mumbai in the presence of RBI Governor Shaktikant Das and other MPC members. The MPC will announce its bi-monthly monetary policy on Friday. The MPC will discuss the policy for financial year 2022-23. RBI said that the meeting was rescheduled from August 2 to 4 to August 3 to 5 due to administrative exigencies.<br />''<br />''After keeping the policy rates unchanged for almost two years the apex bank has continued the rate hike cycle this year. The RBI is expected to increase the key rates again in this policy taking the cue from US Federal Reserve as it is facing the biggest challenge of controlling the rising inflation. The Repo rate stands at 4.90 per cent, Standing Deposit Facility rate(SDF) is at 4.65 per cent, Marginal standing Facility Rate is at 5.15 per cent and reverse repo rate stands at 3.35 per cent. Experts are expecting a rate hike of 25 to 50 basis points from the apex bank in this upcoming policy.</span><br />