The outcome of the three-day meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) will be announced by RBI governor Shaktikanta Das in a press conference today. The MPC meeting was being conducted from 2 to 4 December. The Governor will address the MPC Committee at 10 am today. After this, the Governor will hold a press conference at 12 PM. Reserve Bank reviews its annual monetary policy every two months. Earlier in the October meeting, the Reserve Bank did not make any change in the repo rate. The Reserve Bank has cut the repo rate by 115 basis points i.e. 1.15% this year. With this reduction, the repo rate is at 4 percent after 2000, which is the lowest level.