RBI MPC meeting today amid economic slowdown; panel expected to hold rates

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) will on Tuesday begin its two-day meeting to review the economic and monetary conditions and take a call on tweaking policy rates.

The MPC's decision on the repo rate, the rate at which RBI lends money to banks, will be announced on Wednesday (October 04, 2017).

There is wide expectation that the MPC will keep the repo rate unchanged given the gradual rise in retail inflation. The panel had cut the repo rate by 0.25 per cent to six per cent in the last monetary policy review held in August