The current repo rate is 6.50%, which was last updated on February 8, 2023. Since then the RBI decided to keep the rate unchanged. The last time the repo rate was changed from 6.25% to 6.50% in February 2023.
RBI MPC meeting: The SBI report added that inflation is expected to decline till July, but increase after that to reach a peak of 5.4 per cent in September, followed by a deceleration.
RBI policy meet starts tomorrow: The Reserve Bank of India (RBI) might only consider cutting rates in the third quarter of the fiscal year 2025 (Q3FY25), as per a report from SBI Research.
RBI Monetary Policy Committee Meet: The MPC panel, led by RBI Governor Shaktikanta Das, consists of a total of six members. Das is expected to announce the decision on April 5 at 10 am.