The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC was held in August.
RBI MPC: RBI Monetary Policy Committee, headed by Governor Shaktikanta Das decided to keep the repo rate unchanged at 6.5% in August. The MPC kept the withdrawal of accommodation stance unchanged.
Governor Shaktikanta Das said that the Reserve Bank of India's Monetary Policy Committee (MPC) has increased its CPI inflation forecast for FY24 to 5.4 per cent from 5.1 per cent announced earlier
Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement.