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Monetary Policy Committee News

04 Aug 2024

RBI Likely To Keep Interest Rate Unchanged At 6.5 Per Cent, Say Experts

Last month, RBI Governor Shaktikanta Das had said the question of a change of stance on interest rate is quite premature given the gap between current inflation and the 4 per cent target.

State Bank of India

15 Jun 2024

EMIs To Go Up As SBI Bank Raises Lending Rates By 10 Basis Points

SBI, on Friday announced that it raised 100 million dollars (About Rs 830 crore) through bonds to boost business expansion.

Monetary Policy Committee

07 Jun 2024

RBI Boosts Contingent Reserve Buffer To 6.5% Amid Positive Economic Outlook

RBI Monetary Policy June 2024: Governor Das said that India accounts for 15.2 per cent of the world's remittances, highlighting the significant contribution of overseas Indian workers to the country's economy.

Monetary Policy Committee

07 Jun 2024

RBI Sticks To 6.5% Key Lending Rate For 8th Consecutive Time

RBI Monetary Policy June 2024: Governor Shaktikanta Das said that four out of the six MPC members voted to keep the repo rate unchanged.

05 Apr 2024

Nifty Gains For Third Consecutive Week

Nifty recovered from early morning weakness and closed flat on Friday. At close, the Nifty was down 0.9 points at 22513.7.

12 Jan 2023

Retail inflation eases to 5.72% in December from 5.88% in November: Govt data

India's retail inflation during the month of December was at 5.72%. The data was released by the ministry of statistics today. The latest figures showed a marginal decline and further moderation in retail inflation.

RBI monetary policy

02 Aug 2022

RBI likely to raise key policy rate by at least 35 bps to check inflation

The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- will meet for three days from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.

21 Jul 2022

RBI postpones MPC meeting by a day to August 3

The RBI has postponed the meeting of the Monetary Policy Committee. The decision of MPC will be known on August 5, RBI said. Due to administrative exigencies, the meeting of MPC is rescheduled.

Reserve Bank of India

05 Jun 2022

RBI could increase rates in upcoming MPC meeting, say experts

Governor Das-headed MPC will meet for three day beginning Monday. The decision taken during the meeting will be announced by the governor on Wednesday. The wholesale price-based inflation has remained in double digits for 13 months.

Reserve Bank of India

15 May 2022

RBI not 'behind the curve' in hiking rate to tackle inflation: MPC member

Goyal said that it is never wise to overreact to shocks. MPC is the central bank's rate-setting panel. Earlier this month, the US Fed hiked the benchmark lending rate by 50 basis points.

Reserve Bank of India

08 Apr 2022

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties

RBI asserted that it will use all available tools to defend the Indian economy. The Economic Survey in January had projected a growth rate of 8-8.5 per cent for the current fiscal. The RBI Governor said with the easing of restrictions, domestic air passenger traffic rebounded in March.

RBI monetary policy

08 Apr 2022

RBI Monetary Policy: Top 10 highlights you need to know

RBI keeps repo rate unchanged at 4%. RBI has lowered its growth forecast for FY23 to 7.2 percent. Inflation is likely to grow to 5.7 percent in FY23.

Reserve Bank of India

03 Apr 2022

RBI likely to maintain status quo on rates to support growth, say experts

The RBI Governor-headed rate setting panel will be holding its first meeting of 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.

Monetary Policy Committee

06 Oct 2020

Govt appoints RBI Monetary Policy Committee’s new members

Three new members would have four-year terms. The RBI had postponed the last meeting of the MPC. Appointment of independent members was delayed.

Reserve Bank of India

29 Sep 2020

RBI postpones MPC meeting, new dates for monetary policy to be announced soon

MPC must have a quorum of four. It cannot meet unless the central government appoints new independent members. Monetary Policy Committee are appointed by the Central Government.

Reserve Bank of India

26 Jul 2020

RBI may go in for further 25 bps rate cut, feel experts

Monetary Policy Committee headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6. The central bank has been taking steps proactively to limit the damage to the economy caused by the outbreak of COVID-19. MPC had earlier cumulatively cut the policy repo rate by 115 basis points.

04 Oct 2019

RBI's fourth bi-monthly monetary policy statement (2019-20): Here's the full t

The reverse repo rate under liquidity adjustment facility stands reduced to 4.9 per cent, and the marginal standing facility (MSF) rate and the bank rate to 5.4 per cent.

Monetary Policy Committee

20 Jun 2019

Economic activity losing traction, needs decisive monetary policy: RBI Guv

The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month.

07 Feb 2019

Home, auto loans set to be cheaper as Shaktikanta Das cuts interest rates

This is Das' first monetary policy review after taking charge as the RBI Governor, replacing Urjit Patel.

07 Feb 2019

RBI Governor Shaktikanta Das to present maiden monetary policy today

Deviating from the practice of releasing the resolution of MPC in afternoon, the RBI will place it on its website at 11.45 am today.

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