Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor
1 year, 6 months ago

Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor

India TV News  

Shaktikanta Das, governor of the Reserve Bank of India, stated on Thursday that restoring India's inflation levels to a manageable range is like finishing a job that is half done. Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the minutes of which were published on Thursday. In an effort to combat inflation, the RBI has increased the repo rate by 250 basis points annually since May 2022, excluding the pause in April. "Beyond this and given the prevailing uncertainties, it is difficult to give any definitive forward guidance about our future course of action in a rate tightening cycle," he said, adding that the RBI will continue to remain agile and flexible in managing liquidity in the banking system.

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History of this topic

RBI’s monetary policy panel divided over timing of rate action
3 days, 13 hours ago

RBI’s monetary policy panel divided over timing of rate action

Live Mint  

Mumbai: The rate-setting panel of India’s central bank remained divided over the timing of monetary policy action aimed at reviving India’s economic growth, even as they expect price rise to cool off, show minutes of the 6 December meeting, released on Friday. All three Reserve Bank of India members in the six-member monetary policy committee insisted that maintaining policy status …

Why RBI is central to the country’s economy
1 week, 2 days ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

DC Edit | FM, new RBI chief signal cut
1 week, 4 days ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

Sanjay Malhotra takes charge as RBI Governor
Trending News
1 week, 5 days ago

Sanjay Malhotra takes charge as RBI Governor

Deccan Chronicle  

Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.Malhotra, who recently served as the …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?
1 week, 6 days ago

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?

India Today  

Sanjay Malhotra took charge as the 26th RBI Reserve Bank of India, beginning his three-year tenure on Wednesday, as he steps into a crucial role with several pressing challenges ahead. "The new RBI governor, Sanjay Malhotra, has several challenges ahead in his tenure, particularly those related to inflation and India’s economic growth," said VLA Ambala, Co-Founder of Stock Market Today. …

India’s Departing Central Bank Governor Leaves a Lasting Legacy
1 week, 6 days ago

India’s Departing Central Bank Governor Leaves a Lasting Legacy

Live Mint  

-- As Shaktikanta Das finishes up his tenure as India’s central bank governor, handing over the reins to a career bureaucrat, many have praised his performance as a relative outsider who leaned on diplomacy to propel the world’s fastest-growing major economy to new heights. Though many expected the government to extend Das’s tenure — and tied the final choice of …

SBI Research anticipates RBI repo rate cut in February policy meet
2 weeks, 2 days ago

SBI Research anticipates RBI repo rate cut in February policy meet

Live Mint  

New Delhi, December 8 : Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report. The report put out the day RBI announced its monetary policy, the SBI Research report said it expects RBI …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points
2 weeks, 3 days ago

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Friday announced several key decisions taken at the recent three-day meeting of the central bank's Monetary Policy Committee. Previously, the repo rate was changed in February 2023, when it was raised to the current 6.5% This was MPC's last meeting of the year and followed the one in October. Here are the …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 4 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 4 days ago

RBI monetary policy: MPC projects FY25 inflation at 4.8%

Live Mint  

RBI Monetary Policy meeting: The Reserve Bank of India revised its inflation projection for 2024–2025 to 4.8% with Q3 at 5.7%, and Q4 at 4.5% The consumer price index inflation for the first quarter of the next financial year 2025-26 is projected at 4.6% and the second quarter at 4%. RBI October Monetary Policy Outcome During the Monetary Policy Committee …

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das
2 weeks, 4 days ago

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das

Firstpost  

RBI Governor Shaktikanta Das has announced that the Monetary Policy Committee has decided to keep the repo rate, the interest rate at which RBI lends to banks, unchanged at 6.5% The new monetary policy committee of the Reserve Bank of India, led by Governor Shaktikanta Das, will announce the policy interest rate today, which currently stands at 6.5 per cent.File …

Amid high inflation, RBI keeps repo rate unchanged at 6.5%
2 weeks, 4 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 4 days ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
2 weeks, 4 days ago

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?

Hindustan Times  

The Reserve Bank of India is set to announce its interest rate decision on Friday, December 6, following a three-day monetary policy meeting. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank governor Shaktikanta Das, headed a six-member Monetary Policy Committee, started …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
2 weeks, 4 days ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 4 days ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent
2 weeks, 4 days ago

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent

India TV News  

Amid high inflation and weak GDP growth numbers, the Reserve Bank on Friday kept repo rate unchanged at 6.5 per cent with a majority decision of 4:2. Das announced, "The Monetary Policy Committee decided by a majority of 4:2 to keep the policy repo rate unchanged at 6.5%. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee started its …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate
3 weeks ago

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate

New Indian Express  

The Reserve Bank’s rate-setting panel, the Monetary Policy Committee, begins its meeting here on Wednesday amidst a series of negative macroeconomic data surprises, with the 5.4 percent GDP growth in the second quarter being the worst. This has led many Mint Road observers and bankers to expect the monetary policy announcement on December 6 to include growth-boosting measures, such as …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 1 day ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
3 weeks, 2 days ago

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report

Hindustan Times  

HDFC Bank estimates that the central Reserve Bank of India would keep the repo rate steady at 6.5% in its final monetary policy committee meeting of the year, to be held next week, the country's largest private sector bank said in a report. RBI held its previous monetary policy committee meeting in October A rate cut is “very much possible” …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’
4 months ago

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’

The Hindu  

The Reserve Bank of India's inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to …

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time
4 months, 2 weeks ago

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

Deccan Chronicle  

In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent. The central bank's commitment to bringing inflation down to its 4 per cent …

Monetary Policy: RBI keeps repo rate unchanged for 9th time in a row at 6.5 pc
4 months, 2 weeks ago

Monetary Policy: RBI keeps repo rate unchanged for 9th time in a row at 6.5 pc

India TV News  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Reserve Bank of India announced on Thursday that the Monetary Policy Committee has decided to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility rate remains at 6.25%, and the marginal standing facility …

RBI Governor warns against hasty rate cut
6 months ago

RBI Governor warns against hasty rate cut

Deccan Chronicle  

Mumbai: With food inflation remaining persistently high, any hasty action will cause more harm than good. The Monetary Policy Committee of the Reserve Bank of India should continue with its disinflationary policy stance to ensure that inflation durably aligns to the target of 4 per cent said the RBI governor Shaktikanta Das while voting for a status quo in policy …

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das

Hindustan Times  

Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. The MPC decided to keep the repo rate steady by a majority decision, RBI Governor said. Reserve Bank of India Governor Shaktikanta Das …

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers

Live Mint  

RBI keeps repo rate unchanged at 6.5%: The Reserve Bank of India's decision to retain the repo rate at 6.5% for the eighth consecutive time ensures economic stability amid global uncertainty and domestic inflation concerns. {{^adFree}} {{/adFree}} "This stability supports the real estate market, making housing more affordable and boosting consumer confidence. With GDP growth projected at 7% in FY25 …

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
6 months, 2 weeks ago

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the MPC’s meeting on Friday, marks the eighth time in a row that the policy rate has been put on hold to keep the focus on battling high inflation. “These decisions are in consonance with the …

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%
6 months, 2 weeks ago

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%

Live Mint  

RBI MPC Announcement: The Reserve Bank of India maintained its 4.5% inflation projection for 2024–2025 with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6% and Q4 at 4.5%. {{^adFree}} {{/adFree}} Das stated that CPI headline inflation softened further in March and April, but that persistent food inflation pressures outweighed the benefits from code disinflation and fuel deflation. With growth …

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%
6 months, 2 weeks ago

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%

ABP News  

Business News Live: Hello and welcome to ABP Live's Business LIVE blog. According to a Bloomberg report, the RBI is anticipated to maintain its benchmark interest rate at 6.5 per cent for the eighth consecutive meeting. In addition, the central bank is expected to maintain its projection of 7 per cent GDP growth and an average inflation rate of 4.5 …

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%
6 months, 2 weeks ago

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%

Hindustan Times  

June 7, 2024 10:17 AM IST RBI MPC Meet 2024 LIVE: RBI Governor Shaktikanta Das said, "The inflation growth balance is moving favourably. While the MPC took note of the disinflation achieved so far without hurting growth, it remains vigilant to any upside risks to inflation, particularly from food inflation, which could possibly derail the path of disinflation. Accordingly, the …

Markets hold on to early gains after RBI monetary policy decision
6 months, 2 weeks ago

Markets hold on to early gains after RBI monetary policy decision

New Indian Express  

MUMBAI: Benchmark equity indices jumped in late morning trade on Friday, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth time in a row, in line with market expectations. In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after Tuesday's massive rout. …

RBI maintains status quo for 8th time in a row; repo rate unchanged at 6.5%
6 months, 2 weeks ago

RBI maintains status quo for 8th time in a row; repo rate unchanged at 6.5%

New Indian Express  

MUMBAI: Fearing a spike in inflation during the second half of the fiscal year and forecasting stronger economic growth, the Monetary Policy Committee, chaired by Reserve Bank of India governor Shaktikanta Das, on Friday, left the key policy rates unchanged at 6.5 percent for the eighth consecutive time. The last time the rate-setting panel tweaked the repo rate was a …

RBI MPC meet: Central Bank may keep repo rate steady. Major reasons why
6 months, 2 weeks ago

RBI MPC meet: Central Bank may keep repo rate steady. Major reasons why

Hindustan Times  

With volatile food prices, ongoing geopolitical tensions, and the Federal Reserve's extended pause on interest rates, experts believe the Reserve Bank of India will maintain its current policy rates and stance, according to a Mint report. As per experts, the central bank may keep the benchmark policy rates at the current level until October. The Fed’s influence Analysts say it …

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts
6 months, 2 weeks ago

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts

ABP News  

RBI MPC: The Reserve Bank of India is unlikely to reduce the benchmark interest rate during its upcoming monetary policy review meeting as per the experts. Additionally, the Monetary Policy Committee may opt to maintain the current interest rate of 6.5 per cent due to the ongoing economic growth, which has been gaining momentum since February 2023. In addition, every …

Monetary Policy Committee Members Stay Cautious on Elevated Food Inflation Risks
8 months ago

Monetary Policy Committee Members Stay Cautious on Elevated Food Inflation Risks

Deccan Chronicle  

Mumbai: India’s strong growth momentum is giving the central bank the policy space to unwaveringly focus on price stability which inturn would help set the foundation for a period of high growth, wrote the Reserve Bank of India Shaktikanta Das in the minutes of the April policy meeting released on Friday. Majority of the RBI's rate setting panel expressed caution …

DC Edit | Cautious RBI targets inflation
8 months, 2 weeks ago

DC Edit | Cautious RBI targets inflation

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee has once again kept the policy repo rate unchanged at 6.5 per cent. Retail inflation hovered around 5.1 per cent during January and February 2024, which is a marginal decline from 5.7 per cent in December 2023. Food inflation — which is the most important focus area for the world’s populous country …

What RBI governor said on repo rate, inflation, GDP growth: Top points
8 months, 2 weeks ago

What RBI governor said on repo rate, inflation, GDP growth: Top points

Hindustan Times  

RBI Repo rate: The Reserve Bank of India governor Shaktikanta Das announced the Monetary Policy Committee's decision on interest rates after the two-day review meeting of the central bank's Monetary Policy Committee, the rate-setting panel. In the first MPC announcement in Financial Year 2024-25, RBI governor kept the repo rate unchanged at 6.5 per cent for seventh consecutive time. Reserve …

MPC Meeting: Reserve Bank leaves interest rates unchanged
8 months, 2 weeks ago

MPC Meeting: Reserve Bank leaves interest rates unchanged

New Indian Express  

The Reserve Bank-led Monetary Policy Committee Friday left the policy rate or the repo rate unchanged at 6.5 percent for the seventh consecutive time, citing rising inflationary pressure in the economy led by spiralling food prices. Accordingly, the marginal standing facility at 6.75 percent and the standing deposit facility rate remain unchanged at 6.25 percent, governor Shaktikanta Das said announcing …

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time
8 months, 2 weeks ago

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time

India TV News  

In the latest update from the Reserve Bank of India, the Monetary Policy Committee has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee’s majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. Economic …

Need to be vigilant on inflation front: MPC minutes
10 months ago

Need to be vigilant on inflation front: MPC minutes

New Indian Express  

NEW DELHI: A majority of members of the monetary policy committee of the Reserve Bank of India remained focused on risk of inflation in future and favoured status quo on rate cut. Five out of six members of the MPC voted to keep policy rates unchanged due to uncertainty in inflation over food prices, as per the Minutes of MPC. …

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