RBI MPC Meet: Statement by Shri Shaktikanta Das, RBI Governor - April 06, 2023

Following a three-day meeting of its Monetary Policy Committee, the Reserve Bank of India is expected to declare an increase in the benchmark interest rate (repo rate) on April 6, 2023. The first bi-monthly review of the new financial year commenced with the RBI's MPC meeting on April 3, April 5, and April 6. In the previous MPC meeting in early February, the RBI raised the repo rate by 25 basis points to 6.5 per cent to control inflation.