RBI MPC meeting, June 3 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) commenced its three-day policy meeting on Wednesday, 3 June, and Governor Sanjay Malhotra is set to announce the committee's decision on Friday, 5 June.

The decision comes amid a surge in crude oil prices and intensifying geopolitical tensions in West Asia, which have introduced additional uncertainty into the policy outlook.

The RBI reduced the repo rate by a total of 125 basis points beginning in February 2025 as part of its monetary easing measures. Since then, the central bank has kept rates unchanged in its February and April 2026 policy reviews.

"Adding to the complexity, the Indian rupee has witnessed sharp volatility and recently weaken...