MPC Meeting: RBI bi-monthly monetary policy meeting decision on June 8

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) three-day meeting has begun from yesterday onwards. The second bi-monthly monetary policy meeting of the FY24 outcome will be announced on June 8.

As per media reports, the RBI Governor Shaktikanta Das-led rate setting panel will keep the repo rate unchanged at 6.5%. 

In the first bi-lateral policy meeting in April, RBI MPC had decided to hit a pause button on the rate hike cycle, keeping the key repo rate unchanged at 6.50%. Subsequently, it also kept the standing deposit facility (SDF) rate unchanged at 6.25%, while the marginal standing facility (MSF) rate and the Bank Rate were also unchanged at 6.75%.

Meanwhile, the retail inflation rate, based on the consumer price index (CPI) has come down to 4.7% in April, and CPI inflation in March was at 5.66%.

Source: Media reports