RBI MoneTary Policy: Monetary Policy Review Meeting Began On 6th April

The two-day monetary policy review meeting of the Reserve Bank of India (RBI) has started from Wednesday. This meeting is headed by the central bank governor Shaktikanta and its results will be announced on April 8. If experts are to be believed, this time also the Reserve Bank can keep the policy interest rates unchanged. 

Significantly, in the last review meeting, the Reserve Bank of India did not change the policy rates for the tenth time in a row. At present, the repo rate remains at 4 per cent. On the other hand, talking about the reverse repo rate, it remains the same at 3.5 percent. It has been said in the earlier report that this time also the Reserve Bank can maintain its status quo on interest rates. However, there is also a possibility of a change in the central bank’s stance due to the geopolitical situation arising out of the war between Russia and Ukraine. However, the decision of what RBI takes will be known only after the results are announced on April 8.