August 2, 2017 7:32 AM

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RBI will announce its third bi-monthly policy review of current fiscal

Reserve Bank of India, RBI, will today announce its third bi-monthly policy review of current fiscal. As a preparatory to announcing the policy review, a two-day meeting of six member Monetary Policy Committee, MPC, of RBI headed by its Governor Urjit Patel begun yesterday in Mumbai.<br/><br/>The meeting's outcome to be announced today is being keenly awaited by all stakeholders including industry and stock markets. The panel, in its previous bi-monthly review in June, had retained the repo rate at 6.25 per cent for the fourth straight time citing risk to inflation.

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