MUMBAI: The Reserve Bank of India Governor Shaktikanta Das will announce the policy decision of the Monetary policy committee on Friday at 10 am. Rate Action: The MPC is likely to ensure continuity of policy by announcing a status quo policy after three days of deliberation. A Bloomberg Poll of 32 economists showed that 30 expected a status quo while two expected a 15 and a 50 basis points cut each. Bhide comes from a think tank and has worked on real economy issues, but his policy views are not yet known. Forecasts: Economists are also expecting RBI to provide inflation and growth projections for the first time since the February 2020 meeting.

Source: Mint October 08, 2020 23:37 UTC