Mumbai/New Delhi, 03 April: The first review meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) for the financial year 2024-25 started on Wednesday. The results of the three-day MPC meeting being chaired by the RBI Governor will come on April 5. However, most economists predict that RBI may once again keep the repo rate unchanged.
The first Monetary Policy Committee review meeting for the current financial year 2024-25 began today under the chairmanship of RBI Governor Shaktikanta Das.
The Reserve Bank Governor will announce the outcome of the three-day Monetary Policy Committee review meeting on April 5. Economic experts say that RBI can once again keep the policy repo rate unchanged.
It is noteworthy that the Monetary Committee of RBI takes decisions on monetary policy every two months. The central bank has kept the repo rate stable for six consecutive times. This time also there are similar indications that there will be no change in the policy rate repo rate for the seventh consecutive time. The Reserve Bank had last increased the repo rate to 6.50 percent in February 2023.
