MPC News

Further, India, as of now, doesn’t face the challenge of the GDP growth falling consistently.

RBI Monetary Policy June 2024: Governor Shaktikanta Das said that four out of the six MPC members voted to keep the repo rate unchanged.

There was no relief as far as pulses are concerned as they turned costlier by 20.47 per cent, while the prices of cereals went up by 7.83 per cent.

The ingenious design of MPC is like a “digital sentinel” being that is steadfastly determined to protect the integrity of data against various kinds of threats and vulnerabilities and at the same time ensure an effortless collaborative computation among multiple parties.

At the latest Monetary Policy Committee (MPC) of the RBI in early February, it decided to raise the repo rate by 25 basis points to 6.5 percent.

RBI has been raising benchmark rates since May 2022 to contain inflation which has been largely driven by external factors.

Since May last year, the Reserve Bank has increased the short-term lending rate by 225 basis points to contain inflation, mostly driven by external factors, especially global supply chain disruption following the Russia-Ukraine war outbreak.

TS EAMCET 2022 counseling begins today, August 21 for the MPC stream, scroll down for the list of documents required.  

ICICI bank has increased its external benchmark lending rank (I-ELBR) to 9.10% to align with the rising repo rate. RBI monetary policy hiked the repo rate which was the third consecutive increase since May. Experts suggest that RBI will hike the repo rate more in the future up to 6%.

The RBI has postponed the meeting of the Monetary Policy Committee. The decision of MPC will be known on August 5, RBI said. Due to administrative exigencies, the meeting of MPC is rescheduled.

Goyal said that it is never wise to overreact to shocks. MPC is the central bank's rate-setting panel. Earlier this month, the US Fed hiked the benchmark lending rate by 50 basis points.

The RBI Governor-headed rate setting panel will be holding its first meeting of 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.

The RBI's Monetary Policy Committee (MPC) on Thursday reduced key lending rate by 25 basis points to 6.25%. Watch this video to know more.

The slowdown had sparked some calls for lower interest rates, but with inflation rising the RBI left rates unchanged at a review by the monetary policy committee (MPC) last week.

While an interest rate cut would be welcomed by corporates, it's unlikely to be sufficient to meaningfully rekindle investment activity.

Analysts expect the apex bank to cut interest rates in view of the latest macro data.

The outcome of the Monetary Policy Committee meeting  headed by RBI Governor Urjit Patel is being keenly awaited by all stakeholders including industry and stock markets.

With retail inflation receding to record low levels, the six-member monetary policy committee (MPC), headed by RBI Governor Urjit Patel likely to cut the benchmark lending rate by at least 0.25 percent in its third bi-monthly monetary policy review on Wednesday afternoon.

The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.

Minutes of the RBI meeting in June reveal more flexibility among MPC members and the central bank might deliver a 25 bps rate cut in its August review, said analysts.