The Reserve Bank of India can make an important announcement today. The Reserve Bank of India held a three -day Monetary Policy Committee (MPC) meeting to decide on important matters. Today, with the end of MPC meeting, RBI is likely to make announcements such as repo rate cut and interest rate cuts keeping in mind inflation. After Shaktikanta Das, Sanjay Malhotra has become the new Governor of RBI. The MPC committee headed by Sanjay Malhotra can announce the decisions taken on important matters at around 10 am today.
If the repo rate falls, the loans will become cheap.
There is a possibility of any announcement in the loan policy by the Reserve Bank. The repo rate is also expected to cut by 0.25 percent. Loans will become cheap due to decrease in repo rate. The current repo rate remains at 6.5 per cent. Then, interest rates can be reduced keeping inflation in mind. Most experts have predicted a decline in interest rates. The Reserve Bank has not made any changes in interest rates since February 2023. The repo rate was last cut by 0.40 percent in May 2020. Then from May 2022, after the Ukraine War, the interest rates were steadily increased and it was increased continuously to 6.5 percent by February 2023 and since then the interest rate has remained stable at 6.5 percent. Given this, economists estimate that the RBI may cut the repo rate by 25 basis points.
Three day meeting of monetary policy committee held
A three -day meeting of the RBI Monetary Policy Committee was held. Which is complete today. In the MPC meeting, the policy reforms declared by the Finance Minister in the Union Budget 2025 were discussed. The meeting was mainly focused on fiscal consolidation. Apart from this, there was also a discussion on what will be the impact on India’s economy with leadership change in America. Discussion was especially important on what will change in India after Donald Trump came to power. In view of the weakening of the rupee against the dollar, this meeting proposed new economic reforms at banking system, digital payment and repo rate. After a three -day meeting of MPC, RBI can make significant announcements on issues like repo rate today.
This is the first MPC meeting of Sanjay Malhotra after taking over as RBI Governor. The meeting of February is the final meeting of the current financial year. In this financial year, RBI MPC meetings were held in 2024 on April 3-5, June 5-7, 6-8 August, 7-9 October, 4-6 December and 5-7 February.
