Expectation of 25 bps cut in repo rate… Nation’s eyes on RBI Governor’s announcement.

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Expectation of 25 bps cut in repo rate… Nation’s eyes on RBI Governor’s announcement.


The entire country keeps an eye on the bi-monthly monetary policy review of the Reserve Bank of India (RBI). If RBI increases the repo rate, its direct impact increases on the pocket of the common man, because due to this the EMI on all types of loans increases.

The decision on interest rates will be announced on Friday after the three-day monetary policy meeting of the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das will give official information shortly.

It is believed that amidst high inflation and sluggish GDP growth, RBI will not make any change in the repo rate. However, some people are also expecting a reduction of 25 basis points in the repo rate.

If this happens then the rape rate will fall from 6.50 percent to 6.25 percent. As the repo rate decreases, the EMI of loans like home loan, car loan will reduce.

RBI monetary policy Meet LIVE Updates

  • The meeting of the six-member Monetary Policy Committee (MPC) chaired by Reserve Bank Governor Shaktikanta Das began on Wednesday. Friday was the last day of the bi-monthly monetary policy review meeting.
  • The current tenure of Shaktikanta Das ends on December 10. Thus, this was his last MPC meeting in this tenure. RBI has kept the repo rate at 6.5 percent from February 2023.
  • The government has entrusted the RBI with the task of ensuring that Consumer Price Index (CPI) based inflation remains at 4 per cent with a margin of 2 per cent.

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Who is included in MPC

  1. Nagesh Kumar, Director and Chief Executive, Institute for Industrial Development Studies, New Delhi
  2. Saugata Bhattacharya, Economist
  3. Ram Singh, Director, Delhi School of Economics
  4. Rajiv Ranjan, Executive Director, RBI
  5. Michael Debabrata Patra, Deputy Governor, RBI
  6. Shaktikanta Das, Governor, RBI.

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