Mumbai, Aug. 6 -- The Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the policy rates today at 10 AM in Mumbai as the three-day monetary policy committee (MPC) meeting will conclude.

The meeting, which began on August 4, was held to review the repo rates and determine the central bank's policy stance for the upcoming months.

The six-member Monetary Policy Committee is headed by the RBI Governor and comprises three officials from the central bank and three external members nominated by the Government of India.

The MPC meets every two months to decide on key interest rates and outline the direction of the country's monetary policy.

According to a report by the State Bank of India (SBI), the RBI is expected to announc...