Monetary Policy Review

RBI Monetary Policy February 2024

During the February 2024 meeting, the RBI Monetary Policy Committee (MPC) opted to keep the repo rate steady at 6.5%

MPC 2023-24 April

The Monetary Policy Committee (MPC) in its first bi-monthly monetary policy review of FY24 kept key policy repo rate unchanged at 6.50% with immediate effect,after six consecutive rate hikes.

MPC 2022-23 February

The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 25 bps to 6.50% with immediate effect.

MPC 2023-24 June

The Monetary Policy Committee (MPC) in its second bi-monthly monetary
policy review of FY24 kept key policy repo rate unchanged at 6.50% with
immediate effect for the second time.

MPC 2022-23 December

The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 35 bps to 6.25% with immediate effect.