New Delhi, 07 April (H.S.). The review meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) began on April 6 and will continue till April 8. But, there is a possibility that the Reserve Bank may keep the policy rate unchanged. RBI Governor Shaktikanta Das will announce the results of this meeting on April 8.
In the current financial year 2022-23, the first meeting of the MPC is being held under the chairmanship of Reserve Bank Governor Shaktikanta Das. The two-month monetary policy review meeting will run from April 6 to 8. The RBI governor will announce the conclusion of this meeting on April 8. Amidst the Russia-Ukraine crisis, experts believe that the Reserve Bank can keep the policy rate unchanged. But, you can change your stance.
It is noteworthy that for the tenth time in a row, the Reserve Bank did not change the policy rates in the review meeting. Earlier, the Reserve Bank had cut the repo rate on May 22, 2020. At present, the repo rate remains at 4 per cent, while the reverse repo rate remains unchanged at 3.5 per cent. However, what decisions RBI takes in this meeting. This will be known only after the results are announced on April 8.