Abhitesh
RBI Monetary Policy Live Updates:
On Friday, Shaktikanta Das, governor of the Reserve Bank of India (RBI), will announce the outcomes of the three-day Monetary Policy Committee (MPC) meeting that began on Wednesday.
In August, the MPC resolved to maintain the policy repo rate at 6.50 percent. In fact, in its previous three interest rate policies, including August’s, the panel maintained the status quo. It is widely anticipated that the repo rate will remain unchanged once again.
The repo rate has increased by 250 basis points (bps) since May of 2017.
Follow all the updates here:
RBI Monetary Policy Live Updates: Where to watch Shaktikanta Das’ address?
The live webcast of RBI governor Shaktikanta Das’ press conference is available here. Additionally, you can monitor this live blog for the most recent updates.
RBI Monetary Policy Live Updates: Current rates
Repo rate: 6.50%
Standing deposit facility rate: 6.25%
Marginal standing facility rate: 6.75%
Bank rate: 6.75%
Fixed reverse repo rate: 3.35%
RBI Monetary Policy Live Updates: Status quo expected on repo rate
It is widely anticipated that the MPC will maintain the current repo rate of 6.50 percent. At its previous three meetings, including the most recent one in August, the panel decided to maintain the current rate.
ALSO READ:28% GST on online gaming: Government unlikely to review decision
RBI Monetary Policy Live Updates: MPC decisions to be announced today
At 10 a.m., RBI governor Shaktikanta Das will announce decisions made at the most recent Monetary Policy Committee meeting, which has been ongoing since Wednesday. It is anticipated that the repo rate, which was left unchanged at 6.50% at the previous August meeting, will also remain unaltered at this meeting.
