RBI MPC Meeting, 2023

The Reserve Bank of India (RBI) left the main policy instrument, tepo rate, unchanged at 6.50 per cent for the third consecutive monetary policy.

RBI Monetary Policy

  • Announced on August 10, 2023
  • Announced by RBI Governor Shaktikanta Das
  • Prepared by Monetary Policy Committee (MPC) of RBI

Key Points

  • The MPC unanimously decided to keep the policy Repo Rate unchanged at 6.50%
  • Consequently, the Standing Deposit Facility (SDF) rate remains unchanged at 6.25% and the Marginal Standing Facility (MSF) rate and Bank Rate at 6.75%