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RBI MPC Meet Live: Shaktikanta Das begins announcement
Reserve Bank of India governor Shaktikanta Das has begun announcing the decisions of the six-member MPC (Monetary Policy Committee) for the next set of bi-monthly monetary policy.
Dec 08, 2023 10:00 AM IST
RBI MPC meet LIVE: What was announced at the last meeting?
In October, the RBI decided to leave its benchmark repo rate unchanged for the fourth straight time, keeping it at 6.5%, while maintaining that it was focussed on a “withdrawal of accommodation” to tame inflation.
Speaking on the decision, RBI Governor Shaktikanta Das said “recurring large overlapping food price shocks can impart generalisation and persistence to headline inflation”, a warning that elevated food prices could spill over to other sectors and inflation could become sticky, about which the central banker would remain watchful. More here.
Dec 08, 2023 09:40 AM IST
RBI MPC meet LIVE: What is repo rate?
The repo rate refers to the rate at which commercial banks borrow money by selling their securities to the reserve bank. These rates are key to boosting credit and investments by businesses to boost economic growth.
Dec 08, 2023 09:20 AM IST
RBI MPC meet LIVE: Where to watch
The RBI will livestream the governor's policy statement on RBI's YouTube channel or RBI's official X (formerly Twitter) handle.
Dec 08, 2023 09:06 AM IST
RBI MPC meet LIVE: Bi-monthly meeting started on Dec 6
The bi-monthly MPC meeting started on Wednesday and the decision on rates will be announced today at around 10 am.
Dec 08, 2023 08:55 AM IST
RBI MPC meet LIVE: Shaktikanta Das to announce decisions today
Reserve Bank of India governor Shaktikanta Das on Friday will unveil the decisions of the six-member MPC (Monetary Policy Committee) for the next set of bi-monthly monetary policy.
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Friday, December 08, 2023
