The Reserve Bank of India (RBI) will announce its first Bi-Monthly Monetary Policy of the Financial Year 2024-25 today, April 5. The Reserve Bank Governor Shaktikanta Das headed the Monetary Policy Committee (MPC) which began its three-day deliberation on Wednesday. The decision taken at the MPC meeting will be announced today. 

A total of six MPC meetings are scheduled for

the fiscal year 2024-25 that began on the 1st of April. Economists expect that the central bank would once again keep the key interest rate unchanged and focus more on inflation control. The last time, the RBI hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at the same level in its last six bi-monthly policies.

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