Mumbai, April 7 -- The Reserve Bank of India (RBI) is set to hold its next Monetary Policy Committee (MPC) meeting from Monday, April 7, to Wednesday, April 9, in Mumbai.

The meeting will focus on reviewing the current economic conditions and deciding on the policy rates. RBI Governor Sanjay Malhotra will announce the outcome of the meeting, including any change in the key policy rates, on April 9 at 10 AM.

In its last monetary policy announcement on February 7, the MPC unanimously decided to reduce the policy repo rate by 25 basis points from 6.5 percent to 6.25 per cent. This was the first rate cut in the current easing cycle.

According to a report by the State Bank of India (SBI), a further 25-basis point rate cut is expected in the...