Business RBI MPC meeting outcome on December 5: Here's what experts have to say Updated : December 05, 2018 06:39 AM IST Having resisted any temptation to jack up rates in October when the rupee was sliding to a record low against the dollar, RBI has been vindicated by the currency's subsequent recovery. The rupee is now nearly 6 percent off its low, and is expected to rally further as lower crude prices have also eased worries over India's current account deficit. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.