RBI’s monetary policy committee begins deliberations on finalising key rates
1 min read
The Reserve Bank of India’s rate-setting monetary policy committee (MPC) on Tuesday started its three-day lengthy deliberations on deciding the key repo rates.
The panel will announce, on June 8, its choice whether or not to carry the rates (which it had completed throughout it is earlier assembly in April) or revise them upwards or minimize them.
In April, the MPC had stored the benchmark curiosity rates unchanged at 6.5 per cent on the again of easing retail inflation and the necessity to push financial progress.
Earlier, the RBI had cumulatively hiked the repo charge by 250 foundation factors since May 2022 in a bid to comprise inflation.
The MPC is assembly within the backdrop of retail inflation declining to an 18-month low of 4.7 per cent in April. RBI Governor Shaktikanta Das heads the six-member MPC.
(With nputs from IANS)
About Author
