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RBI MPC Meeting 2024 LIVE: Repo rate expected to remain unchanged; all eyes on new policy committee
Source: Business Standard
This marks the fourth RBI MPC meeting of the financial year 2024-25. | Image: Bloomberg
RBI MPC Meeting LIVE: Policy committee is set to discuss key issues influencing India’s monetary policy
The MPC is set to discuss key issues influencing India’s monetary policy. That includes inflationary pressures on food and fuel, rising crude oil prices, and tensions in West Asia. The meeting will also provide insight into India’s broader economic growth trajectory. Reports indicate that market analysts expect the central bank to maintain its current ‘wait-and-watch’ stance. However, some believe that the persistent inflationary concerns could prompt a potential rate hike.
RBI MPC Meeting LIVE updates: When and where to watch?
The decision on interest rates will be announced by Governor Das at 10 am today, followed by a press conference at noon. Both the announcement and the press briefing will be live-streamed across the RBI’s official social media channels, including YouTube, Facebook, and X (formerly Twitter).
RBI MPC Meeting LIVE: This meeting is first under new policy committee following the appointments last week
Three new members were inducted into the MPC, replacing outgoing external members. Economist Saugata Bhattacharya, Dr Nagesh Kumar, director and chief executive at the Institute for Studies in Industrial Development, and Ram Singh, director of the Delhi School of Economics, now join Governor Das, executive director Rajiv Ranjan, and Deputy Governor Michael Debabrata Patra on the panel.
RBI MPC Meeting LIVE: Decisions from the fourth RBI MPC meeting to be announced today
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) began its three-day deliberations on Monday. Led by RBI Governor Shaktikanta Das, the committee is expected to decide on key areas including interest rates, inflation, and global oil prices, as well as the country’s growth outlook. The decisions from this meet will be announced today.
First Published: Oct 09 2024 | 6:46 AM IST
