The RBI's rate setting panel Tuesday started its 3-day deliberations for the first bi-monthly monetary policy of 2019-20 amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday. Also read Supreme Court rejects RBI's circular on resolution of stressed assetsIt would be the first bi-monthly monetary policy of 2019-20. According to ratings firm ICRA, the RBI could go for a 25 bps rate cut in the upcoming meeting of monetary policy committee. China, which is one of the India's largest trading partner, recently lowered its economic growth target amid slowing global economy and a effects of trade war with the US.

Source: dna April 02, 2019 09:56 UTC