RBI Monetary Policy (MPC) Meet Live Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das unveiled the fifth monetary policy of the financial year 2023-24 today at 10:00 am after a two-day review, amid strong macroeconomic fundamentals and resilient domestic markets.
The RBI held its expected stance and policy rates unchanged on Friday, December 8. The Monetary Policy Committee (MPC) of the RBI unanimously decided to keep the repo rate unchanged at 6.5 per cent after its December meeting. The MPC maintained the policy stance of ‘withdrawal of accommodation’ by the majority of 5 out of 6 members. However, Das said that RBI would remain highly alert and prepared to undertake appropriate policy actions, as warranted.
India’s economy is resilient, the central bank noted, even though the state of the world economy is still fragile. It kept its CPI estimate for the current fiscal year (FY24) but increased its real GDP projections.
As per Monetary Policy Statement, 2023-24 statement, the next meeting of the MPC is scheduled during February 6-8, 2024.
Stay tuned to LiveMint’s blog for all live updates on the RBI Monetary Policy outcome today!
Reference Link:- https://www.livemint.com/economy/rbi-monetary-policy-outcome-rbi-mpc-meeting-on-december-8-repo-rate-decision-rbi-policy-rbis-gdp-growth-forecast-11701966031251.html