The Reserve Bank of India’s Monetary Policy Committee or MPC began its three-day meeting on Wednesday, and will announce the policy decision tomorrow. While analysts are unanimous that the RBI will raise the rates again tomorrow, the quantum of hike is still unknown. RBI has raised the repo rate twice this year – by 40 bps in May and 50 bps in June. 100 basis points or bps is 1%.
India: Life market expected to grow by 15% in next 3-5 years
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