RBI 3 day MPC begins, Will announce key interest rates on April 9
The central bank's key lending rates, which are set to be announced on Wednesday, will be decided at the first monetary policy meeting of the fiscal year 2025–2026.
The Monetary Policy Committee (MPC) of the Reserve Bank of India will start a three-day meeting in Mumbai today to determine the key benchmark interest rates, also known as repo rates.
The central bank's key lending rates, which are set to be announced on Wednesday, will be decided at the first monetary policy meeting of the fiscal year 2025–2026.
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The Monetary Policy Committee, which meets every two months for a total of six meetings in a fiscal year, determines interest rates by considering a number of variables, including the money supply, the outlook for inflation, and other macroeconomic indicators.
This meeting, which is the first MPC session of the new fiscal year, follows the Union Budget 2025, which placed a strong emphasis on changing income tax slabs to increase consumption.
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