JK News Today
New Delhi, April 4:
The Reserve Bank of India will today announce its first bi-monthly monetary policy of current financial year.
The six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das will meet in Mumbai for the third consecutive day today ahead of the policy announcement. RBI is expected to go in for 25 basis points rate cut to provide thrust to the economic growth.
The consumer price inflation being well within the RBI’s target will also provide an elbow room to the central bank to lower the interest rates