RBI Monetary Policy Committee Meeting: Key Updates And Expectations For August 2024
The Reserve Bank of India (RBI) is presumed to keep the current benchmark interest rate steady during its forthcoming Monetary Policy Committee (MPC) meeting. This meeting, led by Governor Shaktikanta Das, is set to commence on August 6, with the interest rate decision to be revealed on August 8. Since the repo rate was raised to 6.5% in February 2023, it has not changed in the following eight bi-monthly meetings. If the RBI opts to maintain the rates, it will be the ninth consecutive time the benchmark rate remains the same.