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RBI Monetary Policy Review - February 2024

RBI kept the policy Repo Rate unchanged at 6.50 per cent
07 February 2024
    Local Market Commentary
    Download the full reportPDF, 462.37KB

    RBI Monetary Policy Review - February 2024

    The Monetary Policy Committee (MPC) came out with their bi-monthly policy statement on February 08,2024. Some of the key announcements are as follows:

    • The MPC decided by a majority of 5 out of 6 members to keep the policy Repo Rate unchanged at 6.50 per cent
    • Consequently, the Standing Deposit Facility (SDF) rate remains unchanged at 6.25 per cent and the Marginal Standing Facility (MSF) rate and Bank Rate at 6.75 per cent
    • The MPC also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth

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