India, Aug. 5 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the third bi-monthly monetary policy of the current financial year on Wednesday, with markets widely expecting a pause in interest rate changes following three consecutive cuts totaling 100 basis points.
The Monetary Policy Committee (MPC), led by Malhotra, began its three-day policy deliberations on Monday. The policy outcome and MPC resolution will be announced at 10 AM on Wednesday.
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