The Reserve Bank of India’s Monetary Policy Committee (MPC) is holding its three-day meeting to decide the central bank’s next bi-monthly policy and Governor Shaktikanta Das will announce MPC’s decision on August 10 at 10 am.
Experts expect that RBI will keep its key policy rate — repo rate — unchanged in a bid to contain inflation. The RBI policy will come at a crucial time, as tomato prices are skyrocketing in India, and have touched an all-time high of Rs 200 per kg. At the same time, onion prices are also soaring, and are expected to touch Rs 60-70 per kg by this next month.
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