RBI’s monetary policy committee likely to cut poilcy rates today

MUMBAI: The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) began its two-day economic diagnosis here on Tuesday amid heightened expectations of a policy rate cut. Falling retail inflation, which fell to a historic low of 1.54 per cent in June, slowing economy that grew at a subdued 6.1 per cent last quarter, and weak private-sector investment are prompting a rate revision.
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