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.

Sumit Arora Last updated on August 10th, 2023 10:03 am

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.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.