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Reserve Bank of India (RBI) Governor Shaktikanta Das. File
| Photo Credit: Reuters
The Reserve Bank of India (RBI) Governor Shaktikanta Das is set to to deliver the Monetary Policy Committee (MPC) on Thursday (August 8) at 10 am, following its three-day MPC meeting, the post-policy press conference scheduled to be telecast at 12 pm on the same day.
During this meeting, the RBI is set to announce its decisions on key policy matters, including the repo rate, which has been held steady at 6.5% since February 2023. Experts widely expect the repo rate to remain unchanged for the ninth consecutive bi-monthly policy review.
Also read | Policy repo rate unchanged at 6.5%; real GDP growth for FY25 projected at 7%
India’s GDP growth estimates and inflation forecast will be key to watch out for in the RBI policy on Thursday.
Inflation continues to be a significant factor influencing the RBI’s monetary policy stance. Despite core inflation being contained and a noticeable 15-20% drop in commodity prices, especially metals, from their 2024 peak, food inflation remains problematic. Experts emphasize that inflation in India still exceeds the RBI’s target range, making it unlikely for the central bank to cut rates until inflation aligns with the 4% target.
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RBI Monetary Policy Meeting: Governor Shaktikanta Das to release policy today; repo rate likely to remain unchanged at 6.50%
