RBI may maintain repo rate at 6.5 percent, decisions will be announced on December 8
The meeting of the Monetary Policy Committee (MPC) chaired by RBI Governor Shaktikanta Das will begin on December 6. In the context of monetary policy, the interest rate decision of the supreme policy regulator MPC will be announced on November 8. The MPC has three external and three internal members. Let us tell you that the repo rate has remained stable since the bi-monthly monetary review of April 2023.
RBI may maintain the status quo on the repo rate in its bi-monthly monetary policy review this week. Experts have made this estimate on the basis that inflation is under control and the pace of economic growth is satisfactory. The central bank has kept the policy repo rate unchanged in its last four bi-monthly reviews. RBI last increased the repo rate to 6.5 percent in February.
The meeting of the Monetary Policy Committee (MPC) chaired by RBI Governor Shaktikanta Das will begin on December 6. In the context of monetary policy, the interest rate decision of the supreme policy regulator MPC will be announced on November 8.
The MPC has three external and three internal members. The external members are Shashank Bhide, Ashima Goyal, and Jayant R Verma while the internal members include Governor Shaktikanta Das, Executive Director Rajiv Ranjan, and Deputy Governor Michael Debabrata Patra.
