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Big decision will be taken to deal with inflation

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Updated on 3 Aug, 2022 01:22 PM IST BY KHABARBHARAT24.CO.IN

RBI’s Monetary Policy Committee meeting will begin today. The central bank can implement some policy decisions during this meeting. It is expected that after this three-day meeting, on August 5, RBI Governor Shashikant Das will announce the decisions taken during the MPC meeting. RBI can increase the repo rate once again in this meeting. Let us tell you that in the last MPC meeting, it was decided to increase the repo rate. In the MPC meeting held in May, the repo rate was increased by 50 basis points to 4.90%. This time also the RBI can increase the repo rate by 0.25% to 0.35%. Let us tell you that the rate of inflation in the country is still above the target set by RBI. To control this, the decision to increase the repo rate can be taken once again during the MPC meeting.