RBI's MCP led by governor Shaktikanta Das begins today

The Monetary Policy Committee (MPC) of RBI headed by Governor Shaktikanta Das began its three deliberations today. The decision of the rate-setting panel would be announced on Friday. The Central Bank may take cues from its global counterparts, including the US Federal Reserve, to raise interest rates for the fourth time in a row to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), is likely to go for a 50-basis point incre...