RBI Monetary Policy 2024 live streaming: How to watch RBI Governor's MPC address online

Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee (MPC) on Thursday, August 8.

The six-member rate-setting panel commenced its three-day deliberations for bi-monthly monetary policy on Tuesday amid expectations of no change in benchmark interest rate as concerns on inflation and economic growth remain steady.

RBI MPC 2024: Time and live broadcast

RBI Governor Shaktikanta Das will announce the monetary policy statement, including policy rates like repo and reverse repo rates, at 10 am on August 8.

Following the policy announcement, Das will take questions from media personnel at noon.

How to watch the RBI governor MPC address online?

The MPC is expected to refrain from rate cuts as economic growth is picking up, notwithstanding the elevated interest rate of 6.5% (repo rate), experts told PTI.

Retail inflation based on the consumer price index (CPI) surged to a four-month high of 5.08% in June as food items, including vegetables, became dearer. The government will release the data for July later this month.

"RBI is likely to pause as food price movements currently is imparting a positive bias to RBI 4.5 per cent projection...likely prospects of an excess rainfall in August and September could also have a debilitating impact on food prices," said an SBI research report

It also expects the Reserve Bank of India to continue with its monetary stance of withdrawal of accommodation.

RBI last hiked the repo rate to 6.5% in February 2023, and since then, it has held the rate at the same level in its last seven bi-monthly monetary policy reviews.