RBI monetary policy Live updates: What will Shaktikanta Das and co do different this time? - The Economic Times

Mint Street is most likely to leave interest rates untouched for a seventh straight meeting, with the focus remaining on fixing a fickle economy than on controlling stubborn price pressures. RBI’s six-member Monetary Policy Committee met amid weak indicators raising doubts about the economy’s ability to sustain a nascent recovery. Some parts of the nation, where the fast-spreading delta variant was first identified, are still battling a rise in Covid-19 infections with researchers warning of an impending third wave of the pandemic.All 21 economists surveyed by Bloomberg expect the MPC to leave the benchmark repurchase rate unchanged at 4%. While the RBI is widely expected to announce another tranche of its so-called government securities acquisition program, bond traders will be watching for any cues on return to policy normalization.

via Economictimes

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