RBI Monetary Policy preview: Could the central bank signal the end of the tightening cycle?
In its most recent research report, brokerage Nuvama Institutional Equities stated that the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to continue the pause on June 8 and hold the policy repo rate at 6.5% in light of the easing of inflation. The second bimonthly monetary policy for fiscal 2023–24 will be discussed at a three-day meeting of the RBI's MPC starting today, June 6. Shaktikanta Das, governor of the RBI, will make the panel's conclusion public on June 8. The MPC retained the repo rate at 6.5% in its first bimonthly policy meeting for the new fiscal year 2023–24 (FY24), which was held on April 6. Since last May, the repo rate has already been increased by a total of 250 basis points in an effort to bring down in inflation. Source - Mint