RBI’s MPC to meet 6 times next fiscal, starting April


PTI, Mar 25, 2023, 9:47 AM IST

The Reserve Bank’s Monetary Policy Committee (MPC) will meet six times in the next financial year.

The Reserve Bank of India (RBI) rate-setting panel will be holding its first meeting of the next fiscal from April 3-6, the central bank said in a statement.

The RBI Governor announces the bi-monthly monetary policy after MPC’s deliberations on the prevailing domestic and economic situations. The meetings are held over three days.

According to the schedule released by the RBI on Friday, the first bi-monthly monetary policy of FY 2023-24 is scheduled for April 3, 5 and 6; and next will be held during June 6-8.

The third, fourth and fifth meetings have been scheduled for August 8-10, October 4-6, and December 6-8.

The sixth bi-monthly meeting of the MPC is scheduled to be held on February 6-8, 2024.

Headed by the Governor, the committee has two representatives from the central bank and three external members.

The central government has tasked the RBI to ensure that inflation remains at 4 per cent with a margin of 2 per cent on the either side.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Cow smuggler dead, six others injured after their vehicle overturns during police chase

Assam bypolls: Samaguri Cong candidate alleges rigging by BJP, demands repolling

Who in Congress has said Article 370 will be restored? Shah spreading lies: Kharge

All arrangements in place to ensure smooth darshan at Sabarimala shrine: Kerala police

Delhi pollution: Mothers’ group write to health minister, highlight respiratory issues among kids

Union Minister Joshi hands over 10 battery-operated vehicles to Puri temple

COVID-19 scam: Karnataka cabinet decides to set up SIT

Related Articles More

If data doesn’t suit them, they’ll change it altogether: Cong’s swipe at govt over Goyal’s remarks

Sensex drops 110pts, Nifty falls for 6th day on FII selling, inflationary concerns

USD 1 trillion a year needed for developing nations by 2030: High-Level Group on Climate Finance

FSSAI directs online platforms to deliver food items with minimum 45 day shelf life

Retail inflation rises to 6.21 pc in Sep amid higher food prices

MUST WATCH

New Technology In Kambala

Lakshdeepotsava 2024 Shree Krishna Mutt

Punganur Cow

Rangoli design

Jagadeesh Nagaraj Kudupali Audio Viral


Latest Additions

Cow smuggler dead, six others injured after their vehicle overturns during police chase

Assam bypolls: Samaguri Cong candidate alleges rigging by BJP, demands repolling

Who in Congress has said Article 370 will be restored? Shah spreading lies: Kharge

All arrangements in place to ensure smooth darshan at Sabarimala shrine: Kerala police

Delhi pollution: Mothers’ group write to health minister, highlight respiratory issues among kids

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.