RBI MPC begins three-day meet; 25 bps repo rate hike expected

RBI's Monetary Policy Committee began its three-day meeting Monday, with most economists expecting a 25 bps repo rate hike amid rising inflation and West Asia conflict risks. India's retail inflation hit an 8-month high of 4.82% in August. The policy decision will be announced on October 7. Repo rate currently stands at 5.25%.