RBI MPC Meeting Updates: In the meeting of the Monetary Policy Committee (MPC) chaired by RBI Governor Sanjay Malhotra, it has been decided to keep the repo rate stable at 5.25%. In view of the economic uncertainty created by the situation in West Asia and disruptions in the global supply chain, the Bank has adopted a policy of 'wait and watch'.
RBI Monetary Policy Decisions: Amidst the turmoil in the global economy and the ongoing tension in West Asia, the Reserve Bank of India (RBI) has announced the results of its Monetary Policy Committee (MPC) meeting. The committee headed by Governor Sanjay Malhotra has decided to keep the repo rate stable at 5.25% for the second consecutive time. This decision simply means that at present there will be no reduction in the EMI of your home loan and car loan. Let us know the main reasons behind this decision of RBI and what effect it will have on your pocket.
Main points of MPC meeting
According to the announcements made by the Governor after the three-day meeting concluded on Wednesday, the repo rate will remain at 5.25%, there is no change in it. SDF (Standing Deposit Facility) is kept at 5%, MSF (Marginal Standing Facility) is kept at 5.5% and Stance is kept neutral.
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