RBI MPC Meet Highlights | GDP growth expected to be about 6.7%; food inflation expected to soften, says Governor

New RBI guv Malhotra to announce rate decision today; 25-bps reduction expected

New RBI Governor Sanjay Malhotra, who is chairing his first Monetary Policy Committee (MPCC) meeting, will announce the decision of the six-member panel on Friday morning, amid widespread expectations of 25 basis points reduction in interest rate after a gap of nearly five years.

The Reserve Bank of India (RBI) had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the crisis following the outbreak of the Covid pandemic and subsequent lockdown.

But in May 2022 the central bank started a rate hike cycle in view of the Russia-Ukraine war and paused it only in May 2023.

The three-day meeting of the MPC started on Wednesday and is going to conclude today.

According to an SBI research report, a 25-basis point reduction in interest rate is expected in the upcoming policy.

Bajaj Broking Research said the RBI is likely to cut repo rate by 25 basis points for the first time in almost five years after domestic rate-setting panel has kept the policy repo rate unchanged for the last 11 consecutive meetings after raising it 250 bps between May 2022 and February 2023.

RBI likely stepped in to support rupee ahead of rate decisions: Traders

Governor's Statement, important medium for RBI to highlight its priorities

MPC policy is a force of interest for many, it impacts lives of all citizens of the country, says Guv Malhotra

MPC resolution provides rationale: Guv Malhotra

Flexible inflation targeting framework served India well, says Guv Malhotra

Interest of the economy demands financial stability, says Guv at MPC meet

The interest of the economy demands financial stability and consumer protection, said RBI Governor Sanjay Malhotra

Average inflation has remained lower since introduction of monetary policy framework: RBI Guv Sanjay Malhotra.

MPC decided to reduce the policy rate by 25 basis point

RBI cuts interest rates by 25 bps to 6.25% for the first time in nearly five years

Global economy growing below the historical average said Guv at MPC meet

We will continue to strengthen, rationalise and refine the prudential framework, says RBI Governor Malhotra

It will be our endeavour to do stakeholder consultations and give importance to such consultations, says RBI Governor

Early Q3 results indicate a mild recovery in manufacturing: RBI

Repo rate cut from 6.5% to 6.25%; SDF rate changed 6%: RBI Guv

Rate-setting panel decides to continue with 'neutral' monetary policy stance: RBI Guv

RBI estimates GDP growth in next fiscal year at about 6.7%

MPC projects inflation at 4.2% for FY26

Food inflation expected to soften on the back of new crop arrival: RBI Guv

System liquidity did turn into deficit in Dec 24 and Jan 25, says RBI Guv on liquidity front

RBI forex policy has remained consistent, in favour of orderly and stable market operation, does not target any exchange rate: RBI Governor

RBI projects inflation for FY'25 at 4.8%, FY'26 projection at 4.2%

RBI Governor urged banks not to passively park funds with Central bank but actively trade amongst themselves

A less restrictive monetary policy is more appropriate at this juncture, says Guv Malhotra

Surge in digital fraud is a matter of concern, it warrants action by all stakeholders, says RBI Governor.

Banks to have exclusive domain name 'fin.in' to check cyber frauds, registration to start in April: RBI Guv