Mumbai, June 5 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day deliberation today, with widespread anticipation that the meeting could lead to another reduction in the repo rate, currently at 6%.

If implemented, this would mark the third consecutive rate cut.

A cut in the repo rate would effectively lower borrowing costs for banks, businesses, and consumers, potentially stimulating credit demand and economic activity.

Published by HT Digital Content Services with permission from India Blooms....