Repo rate RBI monetary policy meet: 5 things to know
This is for the first time that six-member committee is meeting for three days instead of the usual two, due to certain administrative exigencies. The committee has been entrusted with the task of setting the benchmark interest rate after an amendment was passed through the Finance Act, 2016.
Markets appeared divided on the RBI decision, with a small section believing the central bank may hike rates 0.25% to keep inflation under control and global inflows into the country strong. Image source: Reuters