RBI monetary policy review meeting commences, another pause in repo rate likely

The three-day bi-monthly monetary policy committee (MPC) meeting of the RBI started on Wednesday with financial market participants set to closely monitor the outcome and the policy stance of the central bank.

RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.According to SBI Research, the Indian central bank is expected to yet again pause the key repo rate this week.