The Reserve Bank announces its monetary policy every two months based on the recommendations of the Monetary Policy Committee. The objective of this policy is to strike a balance between controlling inflation and encouraging domestic and foreign investment—a task the Reserve Bank has been striving to achieve for the past three years and eight months..
Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.
