Key Points
The Reserve Bank's Monetary Policy Committee (MPC) will be announcing its decision on the key interest rate or repo rate, which directly impacts borrowing costs for banks and indirectly influences loan interest rates for businesses and individuals..
Most experts have predicted that the RBI is expected to keep its repo rate unchanged at 6.50 per cent after its deliberations, continuing its stance of withdrawal of accommodation..
What is expected in April MPC meeting?. 1. Experts said the MPC may take cues from the central banks of some major economies, such as the US and the UK, which are apparently in wait-and-watch mode on interest rate cuts...
"We believe the (monetary policy) stance should continue to be withdrawal of accommodation," said research report of the country's largest lender State Bank of India (SBI)...
Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, said he foresees inflation remaining anchored within the 4-5% range for the next fiscal year, aided by potential continued deflation in core elements...
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