business

LIVE: RBI MPC | Repo rate to remain steady for sixth consecutive time? | Guv Shaktikanta Das' speech

The Reserve Bank of India (RBI) is widely expected to keep the repo rate steady at 6.5% for the sixth consecutive time during its February monetary policy committee (MPC) meeting on February 8, according to analyst consensus. Although markets have already factored in this expectation, experts suggest that any hints of a rate cut in near future from Governor Shaktikanta Das could ignite a fresh rally. The RBI has kept the repo rate unchanged since February 2023 as inflation largely remained in-line within the 2-6% target range. It remains to be seen what the RBI MPC decides to do following the interim Budget. To know more about it watch his address.

first published: Feb 8, 2024 11:27 am