RBI Monetary Policy, June 4 -- The Reserve Bank of India (RBI) is set to announce its June monetary policy decision tomorrow, 5 June, at a time when investors are grappling with rising crude oil prices, a weakening rupee and mounting uncertainty stemming from the ongoing conflict in West Asia.

The six-member Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, began its three-day meeting on June 3 and will unveil its decision at 10 a.m. on June 5. The policy outcome is being closely watched for clues on the future direction of interest rates, inflation and economic growth.

At its previous meeting in April, the MPC unanimously decided to keep the repo rate unchanged at 5.25% while retaining a neutral policy stance. T...