RBI to announce monetary policy today

New Delhi: The Reserve Bank of India will be announcing the monetary policy today. The address will be given by RBI Governor Shaktikanta Das at 10 am.

The newly-constituted Monetary Policy Committee (MPC) of the Reserve Bank began its three-day deliberations on Wednesday, amid expectations that the central bank will maintain status quo on the benchmark lending rates in view of hardening inflation.

At the end of the deliberations, the RBI will come out with its monetary policy review on Friday.

The meeting of the six-member MPC, earlier slated for September 29 to October 1, was rescheduled as the appointment of independent members was delayed. The MPC must have a quorum of four.

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