The Reserve Bank of India’s monetary policy committee is expected to keep interest rate unchanged at its 4-5 April meeting on falling inflation, recovering growth and softening bond yield. Photo: Abhijit Bhatlekar/MintThe monetary policy committee of the Reserve Bank of India decides on repo rate today, amid falling inflation, softening bond yields and a government borrowing programme that kicks off on Friday. The Reserve Bank of India’s MPC is expected to keep interest rate unchanged at its 4-5 April meeting. Changes in the repo rate have direct impact on bond yields, which in turn influences borrowing costs, including loan rates. Commentary of banking sector woesMarkets expect RBI governor Urjit Patel to comment on recent bank frauds.

Source: Mint April 05, 2018 01:30 UTC