Reserve Bank of India will announce its bi-monthly monetary policy review in Mumbai today.
The newly-constituted Monetary Policy Committee (MPC) of the RBI began its three-day deliberations on Wednesday, amid industries expectations that the central bank will maintain status quo on the benchmark lending rates in view of hardening inflation.
The meeting of the six-member MPC, earlier slated for September 29-October 1, was rescheduled as the appointment of independent members was delayed.
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