MUMBAI: The Reserve Bank of India's Monetary Policy Committee (MPC) is set to announce its decision on the policy rates on Wednesday.

RBI Governor Sanjay Malhotra will present the Monetary Policy Statement at 10:00 AM. This will be followed by a post-policy press conference at 12:00 PM, where the governor will address media queries and explain the rationale behind the committee's decision.

There is a wide split among economists on what the RBI may decide. While some experts are advocating for a 50 basis points (bps) cut in the policy rate to support economic growth, others believe a more cautious approach is likely. The other expects a smaller 25 bps cut, citing concerns over inflation, which continues to be a key challenge for the central bank.