Key Points
The Reserve Bank of Indias (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...
The Central bank has already increased repo rate by a total of 250 basis points since May in a bid to contain inflation, though it has continued to remain above the RBI's comfort zone of 6% most of the time...
The two key factors which the committee is expected to deliberate intensely while firming up the next monetary policy are elevated retail inflation and the recent action taken by central banks of developed nations especially the U.S. Federal Reserve, the European Central Bank and Bank of England...
Experts are of the view that the Central bank will raise the key policy rate (repo) by 25 basis points on Thursday, and it would probably be the last in the current monetary policy tightening cycle that began in May..
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