RBI Governor Sanjay Malhotra is likely to announce the MPC’s decision to hike rates tomorrow, but analysts believe that the stock market may not be sharply impacted by it after the recent selloff as the hike has already been priced in.
The Reserve Bank of India (RBI) is holding its Monetary Policy Committee (MPC) meeting from October 5 to October 7. This marks the Indian central bank's first such meeting after the US Federal Reserve increased rates last month. Analysts expect Sanjay Malhotra to announce a 25-basis point hike tomorrow, marking RBI's first rate increase in nearly four years.
