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RBI MPC Meeting 2024 LIVE: Is Guv Shaktikanta Das likely to declare a reduction in the repo rate at 10 am today?


RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das is set to disclose the outcomes of the RBI Monetary Policy Committee Meeting held from April 3-5, 2024, at 10 am on Friday, April 5. This marks the inaugural meeting of the fiscal year 2024-25. During the previous bi-monthly Monetary Policy Committee meeting, the MPC, chaired by RBI Governor Shaktikanta Das, voted 5:1 to maintain the repo rate at 6.5 percent, the key interest rate at which the central bank lends short-term funds to commercial banks. This decision aligned with the “withdrawal of accommodation” policy stance, in accordance with economists’ predictions. Similarly, in the forthcoming meeting, most economists anticipate no alteration in the benchmark interest rate.

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