RBI MPC Meeting, 2023

By IASbook Team September 25, 2023 Educational Resources 0 Comments

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%