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What is a Monetary Policy Committee & why is it needed to set rates?

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to increase its key policy rate called the repo rate or the rate at which commercial banks borrow from the RBI, for the third time since the cycle of rate hikes began in May this year. The resolution of the MPC is likely to be announced today. In this video, ThePrint's Shubham Batra explains on why what is RBI’s MPC, what it looks into and why India needs an MPC in the first place. --------------------------------------------------------------------------------------------- Join our channel to get access to perks. Click 'JOIN' or follow the link below:    / @theprintindia   --------------------------------------------------------------------------------------------- Connect with ThePrint » Subscribe to ThePrint: https://theprint.in/subscribe/ » Subscribe to our YouTube Channel: https://bit.ly/3nCMpht » Like us on Facebook:   / theprintindia   » Tweet us on Twitter:   / theprintindia   » Follow us on Instagram:   / theprintindia   » Find us on LinkedIn :   / theprint   » Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia » Find us on Spotify: https://spoti.fi/2NMVlnB » Find us on Apple Podcasts: https://apple.co/3pEOta8