RBI monetary policy announcement today; Here's when and where to watch
RBI Monetary Policy: RBI expected to keep repo rate on hold at 6.50% in second meeting of the MPC; decision likely to be unanimous but future interest rates and liquidity to be monitored closely.
The Reserve Bank of India (RBI) is likely to keep the repo rate on hold in its Thursday meeting. The RBI's monetary policy committee (MPC), which has three members from the central bank and three external, is expected to keep the repo rate unchanged at 6.50% in today's second meeting which happened on 6 April 2023. The RBI also kept the reverse repo rate unchanged at 3.50%. The RBI has raised the repo rate by 250 basis points since May 2022 to quell high inflation which has started showing signs of easing.