New Delhi, Dec. 4 -- The Reserve Bank of India has begun its three-day monetary policy committee (MPC) meeting on Wednesday, December 3. During this session, the central bank will assess whether the current economic environment supports a rate cut or if it should wait longer before easing its policy stance.

The MPC kept the repo rate steady at 5.5% for the fourth straight meeting in October. RBI Governor Sanjay Malhotra said inflation had eased considerably, giving the committee room to maintain its current stance.

So far this year, the MPC has lowered the benchmark rate by 100 basis points - from 6.5% to 5.5% - before putting rate cuts on hold in August.

The RBI's Monetary Policy Committee will meet from December 3 to December 5. Duri...