New Delhi: The Reserve Bank of India (RBI) may cut the repo rate. This decision can be taken keeping in mind the declining economy. The bi-monthly monetary policy committee (MPC) meeting of the RBI starts tomorrow. The decisions taken in this three-day meeting will be given on 5 December.
Actually, there has been an economic slowdown in the country for some time. In order to overcome this, the monetary policy committee of the central bank has cut the repo rate five times in its meetings since February.
