RBI MPC Meeting: RBI’s monetary policy review meeting today, interest rates will increase
Mumbai A very important news is coming for investors, common customers and borrowers. (Investors, general consumer as well as credit) The bi-monthly monetary policy review meeting of the Reserve Bank of India is being held for the next two days from today. The Reserve Bank will announce the new monetary policy on August 5 during the RBI MPC meeting. Meanwhile, in this meeting, a decision will be taken after discussing the repo rate, interest rate, rules applicable by RBI to other banks etc. In the meeting, RBI Governor Shaktikanta Das will give information about the new decision by holding a press conference. Also, RBI may increase the interest rate further in future. Economists have said so.
Meanwhile, after the meeting held in June this year, it was decided to increase the repo rate by fifty basis points. The general public has already come into trouble due to Corona, lockdown, inflation, unemployment, due to which the RBI did not increase the interest rate. But in today’s meeting the interest rate is likely to increase. Home loan, educational, personal, car loan is going to be expensive. In the US, the Federal Reserve Bank has raised interest rates slightly. But in India, the RBI has not increased the interest rates much. This has raised curiosity as to what the decision comes in the bi-monthly credit policy review meeting.