Categories: Current AffairsEconomy

RBI Monetary Policy Meeting 2023 Live Updates

Reserve Bank of India (RBI) Governor, Shaktikanta Das, is scheduled to announce the third monetary policy of fiscal year 2024. The six-member Monetary Policy Committee (MPC) held a three-day meeting from August 8 to 10. The previous two policy reviews took place in April and June. In the most recent review in June 2023, the RBI MPC opted to maintain the key repo rate at 6.50 percent. Currently, the Standing Deposit Facility (SDF) rate is at 6.25 percent, while the Marginal Standing Facility (MSF) and Bank Rates are set at 6.75 percent.

Sumit Arora

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