Posts in Category: rbi governor

Monetary Policy Committee decided to keep the Policy Repo rate under the liquidity adjustment facility (LAF) unchanged to 6.5%

Monetary Policy Committee of India (MPC)- 

The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India.

Meeting of MPC – The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting.

The committee comprises six members –

Three officials of the Reserve Bank of India and three external members nominated by the Government of India. They need to observe a “silent period” seven days before and after the rate decision for “utmost confidentiality”. The Read More