RBI Monetary Policy meet: Here's what transpired in the last 8 meetings

The RBI's monetary policy committee (MPC) meeting has begun. The three-day deliberations will conclude on June 8. Headed by RBI Governor Shaktikanta Das, the six-member committee will announce the policy resolution on Wednesday.

The Central bank's MPC meet comes in the backdrop of high inflationary concerns and evolving geo-political scenarios, including Russia's invasion of Ukraine. In the last meeting which was held from May 2-May 4, RBI hiked rates by 40 basis points (bps). Cash Reserve Ratio was increased by 50 bps to bring it to 4.50 per cent.

Prior to May 2022, the last time RBI adjusted the benchmark