• Source:JND
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RBI MPC Meeting: The Reserve Bank of India's Monetary Policy Committee (MPC) meeting this week is drawing significant attention, with market participants speculating about a potential 25 basis point reduction in the repo rate. This marks the first MPC meeting under newly appointed RBI Governor, Sanjay Malhotra. The MPC is currently discussing key interest rates and strategies to tackle domestic liquidity issues while also managing volatility in the Indian Rupee (INR).

Meet The RBI MPC Meet Members 

The RBI Monetary Policy Committee (MPC) is composed of six members—three internal and three external. The internal members include the RBI Governor, Deputy Governors, and an Executive Director, while the external members are appointed by the central government.

In October last year, the Centre appointed three new external members to the MPC for a tenure of four years. The new members are Saugata Bhattacharya, an economist, Dr Nagesh Kumar, Director and Chief Executive of the Institute for Studies in Industrial Development, and Professor Ram Singh, Director of the Delhi School of Economics, University of Delhi.

RBI MPC Meet: Date And Time

RBI’s Monetary Policy Committee (MPC) meeting commenced on February 5, 2025. RBI Governor Sanjay Malhotra is scheduled to announce the outcome of the two-day meeting on February 7, 2025, at 10:00 AM. The market will have an eye on his remarks for insights into the central bank's policy direction, along with its projections for GDP growth and CPI inflation.

RBI MPC Meet: Where To Watch

The event will be streamed live on the RBI's YouTube channel starting at 10:00 AM on February 7, 2025. You can tune in to watch his address to the media in real time. For a comprehensive analysis of the RBI MPC meets, you can also track the Jagran English website. 

RBI MPC Meet: Here’s What To Expect

- First rate cut in five years.

- Borrowing costs would decrease, supporting businesses and consumers.

- Inflation is under control, allowing focus on economic growth.

- The rate cut would aid recovery post-pandemic.

- Weak rupee concerns may be secondary to growth support.

-Global factors like the Russia-Ukraine conflict may influence the decision.