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		<img align="" alt="Shaktikanta Das, Shaktikanta, RBI Governor" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-06/07/full/1717747342-3921.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Shaktikanta Das, Shaktikanta, RBI Governor" width="620">
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		Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das arrives for a press conference, in Mumbai, Friday, June 7, 2024. (Photo: PTI)</div></div>

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RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'

Shaktikanta Das, Shaktikanta, RBI Governor

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	The Reserve Bank of India&#39;s Monetary Policy Committee (MPC) decided on Friday to maintain a status quo on the repo rate. RBI&#39;s six-member panel kept the benchmark rate unchanged at 6.5 per cent for the eighth consecutive time.&nbsp; The MPC also decided to continue the &#39;withdrawal of accommodation&#39; stance.<br />
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	The Reserve Bank of India (RBI) Governor <a href="https://www.business-standard.com/about/who-is-shaktikanta-das" target="_blank">Shaktikanta Das</a>&nbsp;announced the second bi-monthly monetary policy of the financial year 2024-25 (FY25) today. Pundits expected that the RBI Monetary Policy Committee (MPC) will maintain the benchmark repo rate at 6.5 per cent, and and continue with its stance of &lsquo;withdrawal of accommodation&rsquo;.&nbsp;<br />
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	The RBI raised its GDP growth forecast for FY25 to 7.2 per cent from 7 per cent earlier, while the inflation forecast was retained at 4.5 per cent.<br />
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		In the last MPC announcement, the central bank decided to keep the repo rate unchanged at 6.5 per cent. This was the seventh consecutive time the rate had been kept steady. A poll by Bloomberg indicated that market analysts and economists expect the RBI to maintain the repo rate at 6.5 per cent for the eight consecutive time.</div>
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The panel convenes&nbsp; at least four times a year to evaluate the major economic metrics such as inflation and growth figures. After this, the MPC takes a decision on&nbsp; whether keep the repo rate unchanged, hike the rate to control inflation by making borrowing more expensive or&nbsp; cut the repo rate to making borrowing cheaper and stimulate growth.<br />
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RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor

Business Standard

RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor | Economy & Policy News - Business Standard

RBI MPC LIVE update: Growth and inflation projections

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	The RBI is likely to maintain its projections of 7 per cent gross domestic product growth and 4.5 per cent average inflation in the financial year through March 2025.&nbsp;</div>

Expectations from RBI’s monetary policy meet

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	Market analysts expect to see the repo rate, the rate at which the RBI lends money to commercial banks, remain unchanged at 6.5 per cent.&nbsp; According to a poll by Bloomberg, economists expect the central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time.</div>

What happened in the last RBI MPC meeting?

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	In the previous MPC meeting, the RBI kept the repo rate unchanged at 6.5 per cent. This was&nbsp; the seventh consecutive time the rate had been kept steady by the panel.</div>

RBI Monetary Policy June 2024: Date and time

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	The RBI MPC meeting for June 2024 is taking place from June 5 to June 7, 2024. The results, including the official policy decisions, will be announced st 10 am today.</div>

Banks should invest adequately in IT infra in line with biz growth to cut outages, says Das

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	RBI does not prescribe minimum investment but banks should invest adequately in IT infra in line with biz growth to cut outages, says Governor Das.</div>

RBI monetary policy LIVE: Nothing off the table, says RBI Deputy Governor Patra

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	&quot;We are not seeing signs of overheating in terms of growth. Nothing is off the table&quot;, RBI Deputy Governor Michael Patra stated in the press conference, on the topic of repo rate hike or cut.</div>

We would like inflation to align with RBI target, stay there, says Governor Das

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	Last mile of our journey towards 4 per cent inflation target is sticky, RBI Governor Das said today.&nbsp;</div>

Will wait for inflation to stabilise around 4% before taking policy action: Governor Das

RBI Governor Das refuses to give indication on rate cut, saying will wait for inflation to stabilise around 4 per cent before taking policy action.

RBI Press meet: Michael Patra on economy over heating

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	No signs of over-heating; Growth yet to catch up with pre-pandemic levels, says&nbsp;Michael Patra.</div>

5 key takeaways from RBI MPC announcement

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	Following the Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das said, &ldquo;The Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5 per cent. Consequently, the standing deposit facility (SDF) rate remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the bank rate at 6.75 per cent.&rdquo; <a href="https://www.business-standard.com/economy/news/repo-rate-unchanged-for-8th-time-gdp-raised-5-key-takeaways-from-rbi-mpc-124060700309_1.html"><strong>Read a detailed story on the key takeaways from RBI MPC announcement here.</strong></a></div>

Expect the accommodative stance post the full budget announcement in July, says LKP Securities

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	&quot;As expected, the RBI has kept the policy rate unchanged at 6.5% by eight consecutive times with a majority vote of 4:2. The MPC has continued with the stance of withdrawal of accommodation. The FY25 CPI inflation forecasted at 4.5%, whereas the GDP growth revised upward to 7.2% versus 7.0% estimated earlier. The food inflation remains higher which is likely to cool off with normal monsoon. We expect the accommodative stance post the full budget announcement on July 24. Additionally the food inflation will be key monitorable,&quot; Ajit Kumar Kabi, Research Analyst - BFSI, LKP Securities, said today.</div>

External demand should get a fillip from improving prospects of global trade: RBI Governor

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	RBI Governor Shaktikanta Das&nbsp; also emphasised that the healthy balance sheets of banks and corporates, the government&#39;s continued thrust on capex, high capacity utilisation, and business optimism augur well for investment activity. External demand should get a fillip from improving prospects of global trade, the governor said.</div>

Banking sector, NBFCs and overall financial sector remain robust: RBI Governor

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	On the health of the Indian banking sector, Shaktikanta Das said that the banking system remains resilient, backed by sound asset quality and rise in profitability. &quot;The NBFCs have displayed strong financials in FY24,&quot; he said. The banking sector, NBFCs and overall financial sector remain robust, the governor added.</div>

RBI MPC LIVE: We play the game according to local weather and pitch conditions, says RBI Governor

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	&quot;I would like to unambiguously state that while we do keep a watch on whether clouds are building up or clearing out in the distant horizon, we play the game according to the local weather and pitch conditions. In other words, while we do consider the impact of monetary policy in advanced economies on Indian markets, our actions are primarily determined by domestic growth-inflation conditions and the outlook,&quot; RBI Governor Shaktikanta Das said today</div>

Uncertainties related to food inflation need to be monitored: Das

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	RBI Governor Shaktikanta Das said that&nbsp; food inflation remains a big worry for the RBI. &quot;Uncertainties related to food inflation need to be monitored. Need inflation reduction to 4 per cent level on a durable basis while supporting growth,&quot; Das said.</div>

Some moderation in unsecured retail loans following RBI's November measures: Governor Das

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	&nbsp;There is some moderation in unsecured retail loans following RBI&#39;s November measures, said RBI Governor Shaktikanta Das in his monetary policy speech.</div>

RBI Policy June 7 LIVE: India on right track on inflation but caution to be maintained, says RBI Governor

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	&nbsp;RBI retained inflation estimates for FY25 at 4.5%.</div>
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	<strong>-Q1FY25 inflation estimates retained at 4.9%</strong></div>
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	<strong>-Q2FY25 inflation estimates retained at 3.8%</strong></div>
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	<strong>-Q3FY25 inflation estimates retained at 4.6%</strong></div>
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	<strong>-Q4FY25 inflation estimates retained at 4.5%</strong></div>

Repeated food price shocks slowed down disinflation process: RBI Governor Shaktikanta Das

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	&quot;FY25 domestic economic activity has maintained resilience,&quot; Shaktikanta Das said.&nbsp; &quot;Headline inflation continues to be in a disinflation trajectory; repeated food price shocks slowed down disinflation process,&quot; Das added.</div>

RBI Policy Live: To set up a digital payments intelligence platform, says RBI Governor

RBI transferred Rs 2.11 trillion to government, says RBI Governor Shaktikanta Das

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	In his monetary policy speech, RBI Governor Shaktikanta Das said that the central bank transferred Rs 2.11 trillion to the central government as dividend. The central board decided to keep the contingent reserve buffer of 6.5 per cent, Das added.&nbsp;</div>

RBI MPC decided by majority 4:2 to keep policy rates unchanged: Governor Shaktikanta Das

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	&quot;RBI MPC decided by majority 4:2 to keep policy rates unchanged, RBI to take steps to enhance India&#39;s global footprint,&quot; RBI Governor Shaktikanta Das said. &quot;India economy exhibits strong fundamentals, financial stability,&quot; Das added,</div>

RBI Monetary Policy update: FY25 CPI inflation estimate is kept unchanged at 4.5%

RBI Monetary policy LIVE: Monsoon forecast is expected to replenish reservoir levels, says RBI Governor

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	RBI Governor Shaktikanta Das stated that the forecast of above-normal southwest monsoon by IMD is expected to boost Kharif production.</div>

RBI monetary policy LIVE update: Real GDP growth for FY25 projected at 7.2%, up from 7%

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		Reserve Bank of India keeps repo rate unchanged at 6.5%.<a href="https://twitter.com/RBI?ref_src=twsrc%5Etfw">@RBI</a> <a href="https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw">@DasShaktikanta</a> <a href="https://twitter.com/hashtag/Reporate?src=hash&amp;ref_src=twsrc%5Etfw">#Reporate</a> <a href="https://twitter.com/hashtag/RBI?src=hash&amp;ref_src=twsrc%5Etfw">#RBI</a> <a href="https://twitter.com/hashtag/rbipolicy?src=hash&amp;ref_src=twsrc%5Etfw">#rbipolicy</a> <a href="https://twitter.com/hashtag/RBIMPC?src=hash&amp;ref_src=twsrc%5Etfw">#RBIMPC</a> <a href="https://t.co/ObZca8H05m">https://t.co/ObZca8H05m</a> <a href="https://t.co/iijNJcaWP4">pic.twitter.com/iijNJcaWP4</a></p>
	&mdash; Business Standard (@bsindia) <a href="https://twitter.com/bsindia/status/1798947026857763273?ref_src=twsrc%5Etfw">June 7, 2024</a></blockquote>
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RBI MPC LIVE update: SF and bank rate continue to be at current levels of 6.75%

Repo rate unchanged at 6.50% for eighth straight time

The MPC, which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for an eighth straight policy meeting.

RBI Monetary Policy update: RBI keeps repo rate unchanged at 6.5%

The Central bank kept its benchmark interest rate unchanged in a widely expected move.&nbsp;

RBI monetary policy LIVE: When and where to watch the RBI governor's announcement?

The RBI&#39;s announcement on the monetary policy can be watched LIVE on all social media handles of the central bank. It will also be streamed live on the central bank&#39;s YouTube channel.

What did  RBI Governor said on inflation?

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	RBI Governor Shaktikanta Das noted a steady decline in core inflation over the past nine months and highlighted that the fuel component of the Consumer Price Index (CPI) had been in deflation for six months. He emphasised that robust growth prospects provide the policy space to remain focused on controlling inflation.</div>

RBI is unlikely to cut interest rates given uncertainty on food inflation, says IDFC First Bank economist

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	&ldquo;Given the uncertainty on food inflation and Fed policy outlook, RBI is unlikely to be in a hurry to cut interest rates. To signal this the status quo on stance is expected,&rdquo; said Gaura Sen Gupta, an economist with IDFC First Bank.&nbsp;</div>

RBI policy LIVE: What was the fiscal deficit in FY24?

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	The fiscal deficit stood at 5.6 per cent of GDP for FY24. This was an improvement from the Revised Estimates of 5.8 per cent.&nbsp;&nbsp;</div>

When did RBI MPC last changed the repo rate?

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	The RBI MPC last changed rates in February 2023, when the repo rate was increased to 6.5 per cent. Annual retail inflation rose at a slower rate of 4.83 per cent in April but was still well above the MPC&#39;s 4 per cent medium-term target.</div>

Recent inflation data and outlook for prices of food suggests status quo on rates: ICRA

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	&quot;The recent inflation data and the outlook for prices of food and commodities had suggested a status quo on the rates and stance in the upcoming June 2024 monetary policy review,&quot; said Aditi Nayar, Chief Economist, Head of Research and Outreach at ICRA.</div>

RBI Policy LIVE update: Central bank's policy stance

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	Since June 2022, the RBI has maintained its hawkish stance of &ldquo;withdrawal of accommodation.&rdquo; Most market pundits don&rsquo;t expect a change to the relatively hawkish stance just yet.</div>