What is the current policy repo rate that the Reserve Bank of India’s Monetary Policy Committee has kept unchanged for eight consecutive times?

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has voted by a 4:2 majority to keep the policy repo rate unchanged at 6.5% for eight consecutive times.

This information was provided by the RBI Governor Shaktikanta Das while announcing the second bi-monthly monetary policy of the financial year 2024-25.

The second bi-monthly Monetary Policy Committee meeting of fiscal year 2024-25 was held on June 5 to 7, 2024.

The next meeting of the MPC is scheduled for 6-8 August 2024.

The MPC is mandated to meet at least four times in a financial year, which runs from 1 April to 31 March.