Mumbai: The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Like several other central banks, the main focus of the RBI during the three-day-long meet will again remain on containing high inflation.
The MPC is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target while keeping in mind the objective of economic growth. As of now, this committee meets at least six times in a financial year, i.e every two months.
