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The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has started in Mumbai on Tuesday. The bi-monthly meeting of the Monetary Policy Committee is being held at a time when experts expect the Reserve Bank to keep the policy rate repo at 6.5 per cent to boost economic growth after getting relief on the retail inflation front.
The meeting of the six-member MPC headed by Reserve Bank Governor Shaktikanta Das has started. The results of the meeting will be announced on June 8 (Thursday).
In the last MPC meeting in April, the Reserve Bank had stopped the process of increasing the policy rate. Earlier, to curb inflation, the central bank had increased the repo rate by two and a half percent from May 2022.
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