Live news: India Omicron cases rise to 21, RBI policy meeting starts today
Last Updated on January 29, 2023 by Admin
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Delhi reported its first case of Omicron: an Indian-origin man visiting the city from Tanzania. Last week, Omicron cases were found in Maharashtra’s Dombivli, Gujarat, and Karnataka.
The Reserve Bank’s Monetary Policy Committee (MPC) will meet for three days starting Monday and it expected to hold lending rates when its decision is announced Wednesday. “…we believe the talks of a reverse repo rate hike in the MPC meeting may be premature as RBI has been largely able to narrow the corridor without the noise of rate hikes and ensuing market cacophony,” said an SBI research report.
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