RBI set to announce August MPC meet outcome today: Here's what happened in the last 10 meetings

RBI MPC meet outcome

The Monetary Policy Committee (MPC) of Reserve Bank of India is set to announce the key decisions taken during its meeting which kickstarted on August 4. Governor Sanjay Malhotra is set to make his fourth monetary policy announcement since taking over from Shaktikanta Das.

While majority of the analysts expect RBI to keep rates steady this time, after a massive 50 basis points rate cut during the previous meeting, some predict a 25-bps cut amid sharp drop in inflation numbers.

Let’s check out what was the outcome of RBI’s MPC meetings held in the past 5 years.

It again cut the policy repo rate by 25 bps in April, and changed its stance to 'Accomodative'. In the previous meeting, which was held in June this year, the central bank delivered a jumbo rate cut of 50 basis points to the current 5.5%.

After a whopping 100 bps rate cut so far this financial year, analysts expect the RBI to hold rate cuts in the upcoming meeting scheduled for today.

Also read: Our LIVE blog on RBI MPC Meeting