RBI releases FY25 schedule for meetings of Monetary Policy Committee

Contrary to expectations of a massive surplus transfer to the government, the central bank raised its Contingent Risk Buffer (CRB) by 50 basis points to 6%, when the Economic Capital Framework adopted in 2019 prescribed the 5.5% to 6.5% range.

All 42 economists in a Bloomberg survey forecast the Reserve Bank of Indias six-member monetary policy committee will keep the repurchase rate unchanged at 6.50% on Thursday. Policymakers are keeping an eye on the likely occurrence of El Nino, which brings drier weather conditions and can affect crop yields.

RBI MPC Meeting 2024 Live Updates: The RBI is widely expected to keep the key policy repo rate unchanged at 6.5% in its April monetary policy. Comments from the RBI Governor Shaktikanta Das will be keenly watched for any hints on future interest rate cuts.

The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the ec

Despite intimation to Bombay High Court about repeated absenteeism of officials from various nodal agencies at the wetland and mangrove committee, appointed by it, the problem continues | Mumbai news

Market watchers predict that the committee will continue to keep the repo rate at its current 6.5% despite growing inflation pressures.

Experts predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI has kept the rate unchanged in the last three policy reviews and is expected to continue with the existing rate structure. The RBI's mandate is to ensure that retail inflation remains at 4% with a margin of 2% on either side. The MPC, headed by RBI Governor Shaktikanta Das, will announce the policy review on Friday.

The Reserve Bank of India’s (RBI) rate-setting panel on April 3 started its three-day meeting amid expectations that the Central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Reserve Bank governor Shaktikanta Das-headed Monetary Policy Committee (MPC) during its three-day meeting (April 3, 5 and 6) will take into account various domestic- and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.

In a statement, the bank said its nine-member Monetary Policy Committee decided to lift its main interest rate by half a percentage point to a fresh 15-year high of 5%. The increase, which was the bank's 13th in a row, was somewhat of a surprise, with most economists predicting a smaller quarter-point hike.

The cumulative impact of our monetary policy actions over the last one year is still unfolding and needs to be monitored closely, Das said during the last Monetary Policy Committee (MPC) meeting held during April 3-6.