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2 min read | Updated on October 09, 2024, 08:10 IST
SUMMARY
RBI Governor Shaktikanta Das, who is also the chairman of the Monetary Policy Committee (MPC), will declare the policy statement, including repo and reverse repo rates, at 10 am on Wednesday, October 9.
The RBI has kept the repo rate unchanged at 6.5% since February 2023.
RBI Monetary Policy Meeting 2024: The reconstituted six-member rate-setting panel of the Reserve Bank of India led by RBI Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee (MPC) meeting on Wednesday, October 9.
The MPC meeting outcome will be live streamed on the official Youtube channel of the RBI. One can also watch the address on the banking regulator's Twitter and Facebook pages.
Last week, the government appointed three new members to the Monetary Policy Committee (MPC). Saugata Bhattacharya, Ram Singh, and Nagesh Kumar will replace Shashanka Bhide, Jayanth R Varma, and Ashima Goyal as MPC's external members.
Apart from Governor Das, the other internal members are the RBI Deputy Governor in charge of monetary policy, Michael Debabrata Patra, and the Executive Director of the RBI monetary policy department, Rajiv Ranjan.
The RBI has kept the repo rate unchanged at 6.5% since February 2023. Experts presume that the MPC might refrain from rate cuts until the December meeting.
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