RBI governor to announce interest rate decision on Friday
MUMBAI, June 4 (PTI): Reserve Bank Governor Sanjay Malhotra on Friday will announce the decision of the Monetary Policy Committee (MPC) amid expectations that the key interest rate will be left unchanged at 5.25 per cent, as the central bank adopts a cautious approach in view of the West Asia conflict posing challenges for inflation as well as economic growth.
The six-member MPC started its three-day deliberations on Wednesday.
A PTI poll of economists and treasury heads showed that the Reserve Bank of India (RBI) is likely to keep the benchmark repo rate unchanged this time. Most of the respondents expect the central bank to resume policy tightening later in FY27 amid mounting inflation risks.
