Letter to BS: RBI may keep repo rate unchanged in April policy review

The matter should be best left to the wisdom of the six-member monetary policy committee of RBI

Apropos of “RBI may keep repo rate unchanged at 6% in April policy review: BS Poll” (March 31), it makes some interesting readings as the empanelled economists come out with their own perceptions and thus there is no unanimity over this key issue. But reasonably speaking, this matter should be best left to the wisdom of the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI). Moreover, where is the need for ritually making such individual assessments just prior to the scheduled meet of this all powerful committee each time? 

Needless to say, this committee that is composed