MPC Meet On, Markets To Take Cues from RBI Hereon
The 2-day meeting of the Monetary Policy Committee, led by RBI Governor Urjit Patel, began on April 5, 2017. Among the much awaited policy changes by the RBI, the experts expect the rates to remain unchanged while the apex bank releases its first bi-monthly review of 2017-18 with growing inflation.Stock Market Tips
While, influenced by the US interest rates, the benchmark policy rate of RBI is speculated to rise than lower in the coming months.
However, the apex bank is expected to announce schemes like the standing deposit facility (SDF) for the absorption of additional liquidity in the money market since demonetisation.
The repo rate has remained unchanged at 6.25, down by 0.25 per cent, since the time of Urijit’s first policy review as well as the first review of the MPC. Whereas, the repo rate was cut by 1.75 per cent since January, 2015.