RBI MPC Meeting Live Updates: Governor Shaktikanta Das to announce policy decision at 10 am
RBI Monetary Policy (MPC) Meet Live Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 today at 10:00 am after a two-day review, amid strong macroeconomic fundamentals and resilient domestic markets. The review by the six-member Monetary Policy Committee (MPC) led by Das will likely indicate the course RBI will adopt in the remainder of the financial year as it seeks to bring inflation under the 4 per cent target amid high food prices.
According to the majority of economists on D-Street, the RBI would keep its key repo rate unchanged at 6.50 per cent, continuing its hawkish stance. Analysts also expect the central bank to maintain its stance at ‘withdrawal of accommodation’.
The RBI Governor will also address a post-policy press conference at 12 noon today.Stay tuned to LiveMint's blog for all live updates on the RBI Monetary Policy outcome today!According to Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers, as inflation is still a concern and growth strong, the RBI will pause, letting rate hikes work their way through the system. “With liquidity in deficit, there is no need for OMO (open market operations) sales although the RBI would rely on active liquidity management.
We will be watching out for the RBI Governor’s commentary on adjusted risk weights and retail credit portfolio. While we expect no change in the liquidity stance, the commentary is likely to be neutral," said Hajra.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services pointed out that the RBI MPC will be meeting this week under very favourable conditions. CPI inflation has come down from 5.02 per cent in September to
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