RBI's MPC begins discussions; repo rate likely to remain unchanged The fears of firming inflation are also likely to abstain the MPC from fiddling with the interest rate in its bi-monthly monetary policy result, to be announced on June 4 BusinessToday.In | June 2, 2021 | Updated 17:10 IST The RBI kept benchmark rates unchanged at the last MPC meeting held in the month of April The Reserve Bank of India's (RBI) rate-setting panel, Monetary Policy Committee (MPC), began its three-day discussions on Wednesday amid expectations of a status quo on key interest rates, primarily owing to incertitude over the impact of the second wave of the COVID-19 pandemic.