RBI to announce monetary policy review

  • 5 years ago
The S&P BSE Sensex did manage to rally and closed in positive terrain in the four out of five Reserve Bank of India's policy review meetings in the past 11 months.

RBI is scheduled to hold its monetary policy meeting on Tuesday, August 5, 2014, and expectations are that the central bank is unlikely to cut rates.

Ahead of the review, the BSE Sensex closed 242 points or 0.95 per cent higher at 25,723.16 on Monday. It hit a low of 25,531.38 and a high of 25,754.42 in trade today.


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