Monetary Policy Committee

Timelines
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged

04 Dec 2020

RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged

On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%.

As economy suffers, RBI keeps repo rate unchanged

06 Aug 2020

As economy suffers, RBI keeps repo rate unchanged

On Thursday, RBI Governor Shaktikanta Das announced that repo rate and reverse repo rate will not change, a move which would keep retail prices contained.

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

27 Mar 2020

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.

India not immune to economic impact of COVID-19: RBI Governor

16 Mar 2020

India not immune to economic impact of COVID-19: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.

RBI cuts repo rate, slashes GDP growth estimates

04 Oct 2019

RBI cuts repo rate, slashes GDP growth estimates

On Friday, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.15% in its "accommodative" stance to revive growth.

RBI's Deputy Governor Viral Acharya quits before term ends: Report

24 Jun 2019

RBI's Deputy Governor Viral Acharya quits before term ends: Report

Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.

No charges on RTGS, NEFT transfers from July 1: RBI

11 Jun 2019

No charges on RTGS, NEFT transfers from July 1: RBI

The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.

Now transfer money for free: RBI removes NEFT, RTGS charges

06 Jun 2019

Now transfer money for free: RBI removes NEFT, RTGS charges

In a move to boost digital transactions, the Reserve Bank of India (RBI) on Thursday removed NEFT and RTGS charges from transactions.

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

07 Feb 2019

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.

RBI leaves repo rate unchanged at 6.5% second-time in row

05 Dec 2018

RBI leaves repo rate unchanged at 6.5% second-time in row

The Reserve Bank of India today left the repo rate unchanged while maintaining the stance of "calibrated tightening" of policy. The key rate remains unchanged at 6.5%.

RBI likely to keep interest rate unchanged on December 5

02 Dec 2018

RBI likely to keep interest rate unchanged on December 5

The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.

In a surprise move, RBI keeps policy rates unchanged

05 Oct 2018

In a surprise move, RBI keeps policy rates unchanged

The Reserve Bank opted for a surprising status quo at the bi-monthly review today on expectations of softening price rise, but changed the policy stance to "calibrated tightening" from "neutral".

RBI raises interest rate for first time in 4 years

06 Jun 2018

RBI raises interest rate for first time in 4 years

Reserve Bank of India, for the first time in four-and-half-years, raised key interest rate today by 25 basis points to 6.25% on inflation concerns from a surge in international oil prices.

Business Roundup: Here are today's top 5 Business news

04 Jun 2018

Business Roundup: Here are today's top 5 Business news

Here comes your daily roundup of business news.

RBI may soon introduce its own digital currency

05 Apr 2018

RBI may soon introduce its own digital currency

The Reserve Bank of India announced on Thursday that it might introduce a central bank digital currency.

Ahead of RBI policy meet, Sensex rises nearly 100 points

04 Apr 2018

Ahead of RBI policy meet, Sensex rises nearly 100 points

The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.

RBI keeps repo rate unchanged for third time at 6%

07 Feb 2018

RBI keeps repo rate unchanged for third time at 6%

The RBI has kept the repo rate unchanged at 6% for the third time, even as inflation reached a 17-month high.

RBI keeps repo-rate unchanged at 6% for second consecutive time

06 Dec 2017

RBI keeps repo-rate unchanged at 6% for second consecutive time

The RBI's six-member Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6%, second time in a row, in its fifth bi-monthly policy review.

RBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed

04 Oct 2017

RBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed

Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.

RBI keeps repo rate unchanged at 6%

04 Oct 2017

RBI keeps repo rate unchanged at 6%

The RBI has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6%. It comes after retail inflation hit a 5-month high of 3.36% in August.

RBI maintains status quo on Repo rate

08 Feb 2017

RBI maintains status quo on Repo rate

Reserve Bank of India kept Repo rate steady at 6.25 per cent as announced in its Monetary Policy Review on Wednesday.

RBI rate cut in February unlikely?

23 Dec 2016

RBI rate cut in February unlikely?

Amidst rising expectations of a rate cut in February, the minutes of the monetary policy committee meeting shows otherwise.

Monetary Policy Committee to rely on demonetization for rates?

22 Nov 2016

Monetary Policy Committee to rely on demonetization for rates?

After the sudden announcement of withdrawing nearly 85% of the economy's currency in circulation, industry experts predict that lesser cash availability might trigger a rate cut in the upcoming policy meet.