RBI's monetary review meeting from Wednesday, repo rate likely to remain unchanged – News India Live

New Delhi, 02 April (HS). The first three-day Monetary Policy Committee (MPC) review meeting of the Reserve Bank of India (RBI) for the current financial year 2024-25 will begin on Wednesday, April 3. RBI Governor Shaktikanta Das will announce the outcome of the MPC meeting on April 5. However, the Reserve Bank can once again keep the policy rate unchanged in the review of monetary policy.

Economic experts said on Tuesday that in the first review meeting of the Monetary Policy Committee for the financial year 2024-25, RBI may once again keep the policy repo rate unchanged. The three-day review meeting of the MPC to be chaired by Reserve Bank Governor Shaktikanta Das will begin from April 3. The outcome of the RBI Governor meeting will be announced on April 5, 2024.

It is noteworthy that RBI had last increased the policy interest rate repo rate to 6.50 percent in February 2023. The Reserve Bank has so far kept it unchanged in six consecutive bi-monthly Monetary Policy Committee review meetings.