RBI will announce decision on repo rate today at 10 AM. Later today, Governor Shaktikanta Das will hold press conference at 11 AM. Analysts expect India’s central bank to keep rate unchanged at 6.5%, in line with stance taken by other central banks. RBI has maintained this rate since February 2023.
RBI MPC announcements on April 5, 2024: Fixed Deposit (FD) investors will keenly watch the Reserve Bank of India s (RBI) first Monetary Policy Committee (MPC) meeting of the new financial year, scheduled for this week. RBI Governor Shaktikanta Das will unveil the MPC s decisions on interest rates on Friday, April 5, 2024. The repo rate, the benchmark interest rate set by the RBI, serves as a key determinant of FD interest rates. RBI monetary policy announcement is crucial for FD investors seeking clarity on the future trajectory of interest rates. How FD interest rates are likely to change in the next few months and how FD investors can make the most of this scenario
RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das has announced MPC’s 5-1 decision to keep interest rates steady at 6.5 per cent. Das said that inflation is moving closer to the RBI’s target but yet to reach the 4 per cent mark. RBI has kept standing deposit facility rate steady at 6.25%
RBI has projected real growth at 7 per cent and inflation at 4.5 per cent for next fiscal. This is higher than the govt’s nominal growth assumption of 10.5 per cent in the interim budget.
RBI MPC meeting: The RBI MPC has maintained the repo rate at 6.5 per cent for five consecutive times till December 2023. The benchmark interest rate was last hiked in February 2023, when it was raised from 6.25 per cent to the present 6.5 per cent.