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Today’s RBI MPC Meeting Will Begin: Verify Important Agendas

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<p>New Delhi: On December 6, 2023, the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting is scheduled to begin. On December 8, 2023, the conference will come to an end. Under the direction of RBI Governor Shaktikanta Das, the committee will deliberate before making a judgment early on December 8.</p>
<p><img decoding=”async” class=”alignnone size-medium wp-image-297074″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-750×422.jpg” alt=”theindiaprint.com todays rbi mpc meeting will begin verify important agendas rbi 1687435027663 16915″ width=”750″ height=”422″ title=”Today's RBI MPC Meeting Will Begin: Verify Important Agendas 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-1536×865.jpg 1536w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-todays-rbi-mpc-meeting-will-begin-verify-important-agendas-rbi-1687435027663-16915.jpg 1599w” sizes=”(max-width: 750px) 100vw, 750px” /></p>
<p>aims<br />
The MPC’s crucial duty of deciding the policy repo rate is at the center of the talks. Achieving the planned inflation rate while taking into account the more general objectives of economic development is the committee’s purpose in striking a balance. Have You Read: Will Banks Be Open Five Days a Week? Examine the demands made by the Banking Association.</p>
<p>Make-Up Of The MPC<br />
Governor Das, Deputy Governor Michael Debabrata Patra, and RBI Executive Director Rajiv Ranjan are among the members of the MPC, which consists of both outside experts and RBI personnel. The committee benefits from the knowledge of external members Shashanka Bhide, Ashima Goyal, and Jayanth R Varma.</p>
<p>December 6 marked the start of the three-day conference, and December 8 was set aside for the release of the much-awaited result. On December 8, Governor Das will announce the MPC decision at roughly 10:00 a.m., and at noon, a news conference on the policy will take place.</p>
<p>Expected Agendas<br />
When it comes to short-term interest rates, experts predict that the central bank will likely keep things as they are at this week’s MPC review. This forecast is based on the fact that inflation in India is comfortably within acceptable bounds and that there is a strong trend of faster-than-expected economic growth.</p>
<p>The benchmark policy rate, or repo, has been continuously maintained by the RBI for the last four bi-monthly monetary decisions. February 2023 saw the most recent adjustment, which represented a 6.5 percent rise.</p>
<p>After the Russia-Ukraine war disrupted global supply chains and increased inflation in the nation, a sequence of interest rate rises that began in May 2022 came to an end with this adjustment.</p>


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