New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the decisions taken during the three-day Monetary Policy Committee meeting on Wednesday. The RBI governor’s address at 10 am assumes great significance as it comes amid expectations of pause on interest rate after three consecutive reduction totalling 100 basis points.
Malhotra will announce the resolution of the third bi-monthly monetary policy at 10 am today. The RBI MPC panel headed by Malhotra, started the three-day deliberation on the monetary policy on Monday.
Experts are of the view that the central bank may opt for a status quo this time and wait for more macro data after the announcement by the US to impose 25 per cent tariff on Indian imports beginning August 7.
A section of industry players are hoping for a 25 basis points rate cut by the RBI.
The members of MPC comprise of: Sanjay Malhotra (Governor), Poonam Gupta (Deputy Governor), Rajiv Ranjan (Executive Director) and three external members – Nagesh Kumar (Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi), Saugata Bhattacharya (Economist), Ram Singh (Director, Delhi School of Economics).