RBI MPC meeting: The RBI governor maintained the 6.5% repo rate during the first MPC statement for the Financial Year 2024–25 (FY25).
RBI MPC gathering: Following the two-day review meeting of the central bank’s Monetary Policy Committee (MPC), the rate-setting panel, Reserve Bank of India (RBI) governor Shaktikanta Das announced the MPC’s decision on interest rates. The meeting was held from April 3 to this day, April 5. For the eighth time in a row, the RBI governor maintained the repo rate at 6.5% in the first MPC announcement for Financial Year 2024–25 (FY25).
In its most recent review, which took place in February 2024, the RBI kept policy rates and stances unchanged. However, there was disagreement among the members, with one suggesting a 25 basis point rate drop.
Inputs from Hindustan times News!
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