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RBI MPC Meet: Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the decisions taken in the three-day meeting of the Monetary Policy Committee (MPC) today (December 5). This MPC meeting was chaired by Malhotra for 3 days.read more
RBI MPC Meet: The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) started on 3 December. RBI Governor Sanjay Malhotra will give information about the decisions taken in this two-day meeting, i.e. today. You will be able to watch its live streaming on the official YouTube channel of RBI. You will get every major update of the day, expert reaction and its impact on your loan in this live blog.
Experts have estimated the repo rate to be reduced by 0.25 percent. This meeting is taking place in the background of falling inflation, rising GDP, rupee crossing 90 against the dollar and the current geo-political tension.
Repo rate reduced 3 times this year
Amidst the decline in retail inflation, RBI has reduced the repo rate by a total of 1 percent in three installments since February. However, for the last two times the repo rate has been kept constant at 5.5 percent. The RBI Governor had also said last month that there is scope for further reduction in policy interest rates.
