Reserve Bank's MPC first meeting scheduled for April 6-8

1 Apr 2022 , 02:23 PM

The Reserve Bank of India (RBI) will start its first bi-monthly monetary policy of 2022-23 on April 6-8, and next will be held during June 6-8.

According to the schedule released by the RBI on Wednesday, the first bi-monthly monetary policy of 2022-23 is scheduled for April 6-8, and the next will be held during June 6-8.

The Reserve Bank’s Monetary Policy Committee (MPC) will meet six times during the next financial year.

Meanwhile, in the sixth and last bi-monthly monetary policy for FY22, the Reserve Bank of India (RBI) has a repo rate under the liquidity adjustment facility (LAF) is unchanged at 4%. While the reverse repo rate under the LAF remains unchanged at 3.35% and the marginal standing facility (MSF) rate and the Bank Rate at 4.25%.

Further, the central bank of India will be holding its first meeting of the next fiscal from April 6-8. The third, fourth and fifth meetings have been scheduled for August 2-4, September 28-30, and December 5-7. The last, sixth bi-monthly meeting of the MPC is scheduled to be held on February 6-8, 2023.