Will EMI increase or decrease? RBI MPC meeting from today, final decision on 7 (TKB-Update)

The three-day meeting of the Reserve Bank of India’s Monetary Policy Committee (MPC) starts today. This RBI meeting will run till 7 April. The meeting is being held under the leadership of Reserve Bank Governor Shaktikanta Das.

Actually, the common man always keeps an eye on the meeting of the Monetary Policy Committee, because if the central bank cuts the interest rates, then all loan holders including home loans get some relief in EMI.

This RBI meeting, which runs from April 5 to April 7, is going to be very important. Because the government has given the central bank a target to keep retail inflation within the 4 percent range. In such a situation, experts believe that the Reserve Bank can keep the policy rates unchanged in the monetary review.

The results of the MPC meeting will be announced on 7 April. Experts say that the Reserve Bank will wait for a suitable opportunity for the announcement of monetary action. This will allow it to keep retail inflation within the range of four per cent (up or down two per cent) and at the same time ensure the best results of stimulus growth.

It is worth noting that at this time the repo rate is four percent and the reverse repo rate is 3.35 percent. According to experts, the rising case of Corona can also be an internal issue in the RBI meeting. The RBI can take a decision even after looking into the corona cases. Experts are assuming that the MPC will continue its soft stance in its upcoming meeting.