look news india
Mumbai/New Delhi, 04 December (HIST). The bi-monthly Monetary Policy Committee (MPC) review meeting of the Reserve Bank of India (RBI) has started in Mumbai on Wednesday. This time also there is less possibility of change in the policy interest rate repo rate in the meeting lasting three days.
Official sources said the six-member MPC meeting chaired by RBI Governor Shaktikanta Das will continue till December 6. RBI Governor will announce the policy interest rate repo rate on 6 December. Experts believe that RBI may once again keep the policy interest rate repo rate unchanged in the review meeting of MPC.
In fact, the central bank will have very few options this time, because the retail inflation rate is above six percent. In the second quarter (July-September) of the current financial year, gross domestic product (GDP) growth has increased at the rate of 5.4 percent. The Reserve Bank of India has kept the policy interest rate repo rate at 6.5 percent from February 2023. Before the Corona epidemic, the repo rate was at 5.15 percent on February 6, 2020.