Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Monday, amid a surge in coronavirus cases and imposition of new restrictions to curtail the second wave of COVID-19 in India. This will be the first bi-monthly monetary policy review for the new financial year 2021-22, as the country stares at aother looming economic crisis, led by the steep rise of active COVID-19 cases. Even as the country has registered more than 8.4 crore COVID-19 vaccine doses cummulatively, as of April 6, yet, partial lockdown in some states and night curfew in the national capital have been announced to prevent the spread of the virus. Experts believe that the central bank will maintain the status quo on key policy rates, but may revise inflation projections.
Here are all live updates from today’s RBI Governor Shaktikanta Das-led Monetary Policy Committee meeting:
RBI Monetary Policy Updates: RBI May keep Key Policy Ratess Unchanged: Experts
In a recent poll by news agency Reuters, 65 of 66 economists surveyed said the RBI’s monetary policy committee (MPC) will leave the key policy rates unchanged amid a surge in Covid-19 cases in the country. Similarly, economists surveyed by Bloomberg on Monday expect the six-member MPC to keep the repurchase rate unchanged at four per cent.
RBI Monetary Policy LIVE: RBI Governor To Deliver Monetary Policy Address At 10:00 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will deliver the Monetary Policy review statement at 10:00 am today. The central bank Governor will also address a pots-policy press conference at 12 noon
RBI Monetary Policy LIVE Updates: RBI Monetary Policy Decision Today
Reserve Bank of India (RBI) Governor Shaktikanta Das will make the first bi-monthly Monetary Policy Committee (MPC) statement of the new fiscal 2021-22 today