RBI's Monetary Policy Committee's three-day meeting begins in Mumbai to discuss bi-monthly policy

June 6, 2023 5:53 PM

RBI's Monetary Policy Committee's three-day meeting begins in Mumbai to discuss bi-monthly policy

Reserve Bank of India's Monetary Policy Committee's three-day meeting began in Mumbai today to discuss the bi-monthly policy. The announcements on the outcome will be made on Thursday. The MPC is meeting in the backdrop of the decline in retail inflation to 4.7 percent which came down below 5 percent after 18 months. After the last MPC meeting, RBI paused its rate hike trend by keeping the repo rate at 6.5%. This will be the first MPC meeting after the announcement of the withd...

RBI's Monetary Policy Committee meeting begins

April 4, 2018 5:44 PM

RBI's Monetary Policy Committee meeting begins

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting today in Mumbai amid little hope of cut in the key policy rate because of hardening global crude oil prices.   RBI will tomorrow make public the resolution of the MPC on its first bi-monthly monetary policy for the new fiscal, 2018-19, which commenced on April 1. Reserve Bank of India has maintained a status-quo on the key short-term borrowing rate (repo) in its last three policy meets. The benchma...