RBI MPC starts its three-day deliberations on policy review

Monetary Policy Committee (MPC) of Reserve Bank today started its three-day deliberations on the policy review. RBI Governor Shaktikanta Das is heading the meet. Expectations are high on another round of reduction in the key policy rate to revive the sagging economy. If the Reserve Bank cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019.   With five reductions so far, the repo rate has been lowered by a total of 135 basis points. This was mainl...