May 23, 2024 21:49 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Thane fire update: 7 killed, 40 Injured in explosion fire at chemical factory | 'Surrender or face my anger': HD Deve Gowda's stern warning to grandson Prajwal Revanna | Over 300 Indians, who were scammed into working as 'cyber slaves' in Cambodia, returns | Massive explosion at a factory in Thane, 20 evacuated | Mamata govt promoting Muslim League's agenda: BJP president JP Nadda after Calcutta HC's 'OBC quota' verdict
RBI announces dates for first MPC meeting for FY24
MPC
Image Credit: wikipedia.org

RBI announces dates for first MPC meeting for FY24

| @indiablooms | 25 Mar 2023, 12:33 am

Mumbai/IBNS: The Reserve Bank of India on Friday released the schedule of the meeting of its Monetary Policy Committee (MPC) for the upcoming financial year (FY24).

The first meeting of the committee for the next fiscal will be held on April 3-5, 2023, the central bank said in a release.

RBI's rate-setting panel comes together bi-monthly to decide on measures to manage the macroeconomic indicators.

The MPC’s last meeting was in February when it had raised the repo rate, the key interest rate, by 25 basis points to tame inflation and keep it within its tolerance band of 2-6 percent.

The key benchmark rate was increased for the sixth successive time in February's meet, which was the last one for the current fiscal (FY23).

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.