The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting.

Dec 6, 2024 · Resolution of the Monetary Policy Committee (MPC) October 7 to 9, 2024; Full Document; Statement on Developmental and Regulatory Policies ; Full Document; Monetary Policy Report – October 2024

Apr 5, 2024 · The Reserve Bank of India's Monetary Policy Committee, led by Governor Shaktikanta Das, concluded its first bi-monthly meeting for the fiscal year 2024-25, maintaining the repo rate at 6.5%. The committee forecasts a 7% growth for the Indian economy in FY25, with quarterly projections of 7.1%, 6.9%, 7%, and 7% respectively, with balanced risks.

Oct 9, 2024 · The Monetary Policy Committee (MPC), with new external members, met on 7th, 8th and 9th October, 2024. After assessing the evolving macroeconomic and financial conditions and the outlook, the MPC decided by a majority of 5 out of 6 members to keep the policy repo rate unchanged at 6.50 per cent.

Apr 8, 2022 · The Six Member Monetary Policy Committee (MPC) of Reserve Bank of India has unanimously decided to keep the key rates unchanged in its first Monetary Policy announcement of FY 2022-23. The key Repo Rate remains unchanged at 4 per cent for the 11th consecutive period. Reverse Repo Rate is retained at 3.35%

1 day ago · The Monetary Policy Committee (MPC), which consists of three Reserve Bank of India members and three external members, is widely tipped to reduce the repo rate by 25 basis points to 6.25%, after ...

15 hours ago · The Reserve Bank of India-led Monetary Policy Committee announced that it will keep the repo rate unchanged at 6.5% for the 11th consecutive meeting, citing inflation concerns and an uncertain growth outlook. The RBI cut the Cash Reserve Ratio to 4% from 4.5% to ease potential liquidity stress amid rising capital outflows and pressure on the rupee.

Oct 1, 2024 · As per the provisions of the RBI Act, the Monetary Policy Committee (MPC) consists of six members: three Members from RBI and three are appointed by the Central Government.

Dec 21, 2022 · Global growth is set to lose momentum as monetary policy actions tighten financial conditions and as consumer confidence weakens with the rising cost of livelihood. Inflation remains elevated and persistent across countries as they grapple with food and energy price shocks and shortages.

14 hours ago · RBI MPC Meeting February 2025: The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) Friday cut the repo rate — the rate at which the RBI lends to other banks — by 25 basis points to 6.25 per cent. This is the first rate cut initiated by the RBI in five years, the last one being in May 2020. The repo rate, till now, stood at 6.5 per cent.