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RBI MPC meeting live updates: India’s central bank left its benchmark interest rate unchanged for a sixth straight meeting Thursday and retained its hawkish policy stance, signaling rates will stay higher for longer. Five of the six members of the Monetary Policy Committee voted to keep the benchmark repurchase rate at 6.5%. The panel also decided to retain its policy stance at “withdrawal of accommodation.” ....
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 Monetary Policy LIVE Updates: RBI has kept policy repo rate unchanged at 6.5% in a unanimous decision. Standing Deposit Facility Rate remains at 6.25%; while Marginal Standing Facility Rate and Bank Rate also unchanged at 6.75%. Focus remains on withdrawal of accommodation to ensure that inflation progressively aligns with the target ....