RBI to Announce Bi-monthly Monetary Policy Review Today
MUMBAI: The Reserve Bank of India (RBI) will announce its fifth Bi-monthly Monetary Policy Statement for 2015-16 at 11AM in here on Tuesday.
According to reports, the central bank is not likely to propose any further rate cuts ahead of the US Federal Reserve's policy review due mid-December.
Analysts say that RBI should exhibit its preparedness to face financial market volatility arising out of US Federal Reserve policy review.
The central bank is also mindful of the inflationary impact of a falling rupee, which has already hit a two-year low against the dollar recently.
Along with considering are the upcoming Federal Reserve’s meeting, the central bank will also have to take into account the impact of the 7th Pay Commission recommendations.
Federal Reserve meeting will be held on December 15-16 to take a call on interest rates.
Source:The New IndianExpress
Source:The New IndianExpress
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