Mumbai: The six-member Monetary Policy Commitee (MPC), chaired by RBI Governor Urjit Patel, started its three-day discussions from 3rd September, 2018, for decision on key interest rates amid rising oil prices, rupee woes and inflation floating around 3.69 per cent.
The MPC was meeting for its fourth bi-monthly Monetary Policy Statement for the year 2018-19. Reserve Bank of India has decided to keep the repo rate same at 6.50 per cent.