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RBI will announce new monetary policy today, repo rate may remain stable this time too
The decision of the Monetary Policy Committee of RBI, which ran from June 6 to 8, is going to come today. The committee meets every two months. The last meeting was held in April. In this, it was decided not to make any changes in the repo rate.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will announce its policy decision today. The bi-monthly and second monetary policy meeting of FY24 was held from June 6 to 8.
RBI Governor Shaktikanta Das will give this information at 10 am today. The rate-setting panel headed by Shaktikanta Das is expected to keep the repo rate at 6.5 percent this time also.
The Monetary Policy Committee (MPC) of RBI meets once in every two months. The last meeting of this committee was held in April, in which it was decided not to make any change in the repo rate.
At that time, Governor Shaktikanta Das had said that this decision has been taken to maintain the ongoing recovery in the country's economy, but if needed, a change in the repo rate is possible.
RBI has increased the repo rate by 250 basis points from May 2022 to February 2023 i.e. in 9 months so far. Currently, the repo rate is 6.5 percent. According to economic experts, a decision can be taken by the Governor of RBI not to make any change in the repo rate even today.
In fact, the repo rate is the rate at which the RBI lends to the banks of the country. After this, on the basis of this rate, the bank further gives various types of loans to its customers like home loans, vehicle loans, personal loans, etc. For this reason, due to the change in the repo rate, there is a direct impact on your loan and EMI.
