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New Delhi. Where on one hand, today i.e. Wednesday is the third day of the three-day Monetary Policy Committee meeting of RBI. And today RBI Governor Shaktikanta Das will announce the decisions taken in the policy meeting. In such a situation, this meeting is also considered very important because this meeting is the first after the budget and the last of the financial year.
In such a situation, today and now it will be very important to see whether the RBI policy increases the interest rate i.e. Repo Rate or leaves it without any change. While some experts also believe that the government will not increase the policy rate, while some knowledgeable analysts also believe that the government can increase the policy rate by 25 basis points.
According to analysts on the matter, the RBI may increase the repo rate to 6.5% on Wednesday. S&P Global Ratings believes that with India’s inflation continuing to ease, there is limited need for further increases in the policy rate, which has reached an all-time high of 6.25%. The S&P report states that core inflation in India is coming down from the second half of 2022 after being at a high level for a long time. Whereas the policy rate is already at a high level of 6.25%.
In such a situation, due to the constraints in the global supply chain after the Russia-Ukraine war, RBI has increased the Repo Rate by 2.25% since May last year. The repo rate currently stands at 6.25%. Reserve Bank’s MPC will make a big announcement of its decision on policy rates on Wednesday i.e. today.
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