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The Times of India
The Times of India
Business
PTI

RBI's MPC starts monetary policy review, may raise interest rate on Friday

RBI MPC Monetary Policy Reserve Bank of India Inflation Mumbai

MUMBAI: The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high inflation.

If raised, it will be the third consecutive hike in the repo rate -- the short-term rate at which the RBI lends money to banks.

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