India, June 6 -- Reserve Bank of India (RBI) governor Sanjay Malhotra will announce the bi-monthly monetary policy on Friday, June 6, amid trade tensions caused by US President Donald Trump's tariffs.
The Monetary Policy Committee (MPC), the RBI's rate-setting panel, started its three-day deliberations on Wednesday.
The central bank reduced the key benchmark lending rate (repo) by 25 basis points each in February and April this year on the recommendations of the governor-headed MPC. But what is expected out of Friday's announcement?
The widespread expectation from Friday's RBI monetary policy announcement is of a third consecutive rate cut of 25 basis points or even bigger to propel economic growth against the backdrop of trade tension...
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