Reserve Bank of India, RBI Governor Dr. Raghuram Rajan will announce second bi-monthly monetary policy today in Mumbai. In its first bi-monthly policy in April, the RBI has kept key rates unchanged. Currently, the repo rate stands at 8% while the reverse repo rate stands at 7%. The financial experts expect the RBI would maintain status quo on key rates because of retail inflation, especially in food items and looking forward to announcements that would benefit the key sectors of the economy. The policy is also considered to be important as it is the first after Narendra Modi led NDA government came in power. The RBI governor had recently met PM Narendra Modi and Finance Minister Arun Jaitley and discussed about some important issues related to economy.