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RBI's MPC to meet next week to decide on policies for reviving growth


The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6

The central bank has been taking steps proactively to limit the damage to the economy caused by the Covid-19 pandemic and subsequent lockdowns.

The Reserve Bank's rate-setting Monetary Policy Committee (MPC) will meet next week to decide on the policy stance amid the urgency to revive the coronavirus-hit economy and increased demand for one-time loan restructuring by industry chambers.

Experts are, however, divided over the possibility of another rate cut by the RBI in its forthcoming ...


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