Feb 6, 2025, 5:09 PM
With the repo rate announcement scheduled for February 7, all eyes will be on the RBI for guidance on the country’s monetary policy. Investors and market watchers are eagerly awaiting whether there will be a rate cut, as well as insights into future economic plans.
Feb 6, 2025, 5:07 PM
In the previous meeting under former Governor Shaktikanta Das, the RBI maintained the repo rate at 6.5% and reduced the cash reserve ratio (CRR) by 50 basis points. Additionally, the RBI injected Rs 1 trillion into the banking system to boost liquidity. This move followed similar liquidity measures taken just last month when ₹1.5 trillion was injected to further strengthen the financial system.
Feb 6, 2025, 5:06 PM
The Monetary Policy Committee (MPC) started on February 5 and will end on February 7, 2025. The session is set to conclude with the announcement of the repo rate on February 7, 2025. On the last day, the meeting will start at 10:00 AM, followed by a press conference by the RBI Governor at 12:00 PM. This meeting will provide insights into the committee's latest policy stance and outline the direction of monetary policy, with the Governor expected to address key questions and elaborate on the decisions taken during the meeting.
Feb 6, 2025, 5:04 PM
The Reserve Bank of India’s Monetary Policy Committee (MPC), now led by Governor Sanjay Malhotra, is set to hold a three-day meeting from February 5 to February 7, 2025. Markets are closely watching this event, expecting a possible 25 basis points rate cut, which would reduce the repo rate from 6.5% to 6.25%. This meeting is the first under Governor Malhotra, who took charge in December 2024 after Shaktikanta Das.
Published on: Feb 6, 2025, 5:20 PM IST
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