May 27, 2024 03:26 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Man-made disaster': Gujarat High Court takes suo motu cognizance of Rajkot gaming zone fire that killed 27 people | Payal Kapadia's Indian film All We Imagine As Light wins Grand Prix Award at Cannes | 'Was told to take the blame': Pune Porsche teen's grandfather told driver to take responsibility for crash | 24 killed in gaming zone fire in Gujarat’s Rajkot; PM Modi expresses grief | INDIA bloc performing mujra for vote bank, says Prime Minister Narendra Modi launching a scathing attack on opposition parties
RBI's 3-day MPC meeting starts
Photo courtesy: UNI

RBI's 3-day MPC meeting starts

| @indiablooms | 04 Apr 2024, 01:10 am

Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.

The MPC, consisting of six members, is responsible for determining India's benchmark interest rate, the repo rate.

The meeting, which began today, will conclude on April 5.

The decision made by the committee directly impacts borrowing costs for banks and indirectly influences loan interest rates for businesses and individuals.

RBI Governor Shaktikanta Das will announce the committee's decision on interest rates at 10 am on April 5.

This marks the first meeting of the RBI MPC in the new financial year FY2025, which commenced on April 1, and the second meeting of 2024 following the February Policy meeting held from February 6-8.

The Monetary Policy Committee regularly convenes a three-day meeting before announcing its decision at the end of this period.

The next RBI MPC meeting is scheduled for June 5.

It is mandated for the MPC to convene at least four times in a year.

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.