Ahead of RBI decision, heres where repo rate, CRR, SLR, and MSLR stand

Written By: ZeeBiz WebTeam ZeeBiz WebDesk Updated on: April 05, 2023, 10.35 PM IST

Economists believe that increasing the repo rate is justified for the last time, and subsequently, there will be a pause until there is more clarity on the monsoon or kharif, as there is a potential upside to inflation in case of a failure.

The Reserve Bank of India (RBI) will announce its bimonthly monetary policy review on Thursday, (April 6), at 10:30 am, for the first time in the current financial year. Economists expect that the RBI’s monetary policy committee (MPC) is likely to go for another 25 basis point (bps) rate hike this time.

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Reserve Bank governor Shaktikanta Das-headed Monetary Policy Committee (MPC) during its three-day meeting (April 3, 5 and 6) will take into account various domestic and global factors before announcing the first bimonthly monetary policy for fiscal 2023–24. As a measure to tame worsening inflation, the central bank has raised the repo rates several times since May 2022.

Also Read: RBI MPC Meeting LIVE: is another repo rate hike coming? Shaktikanta Das to reveal MPC's rate decision at 10 am Thursday

Also Read: An RBI repo rate hike or a pause on April 6? What economists expect from Shaktikanta Das-led MPC after its 2nd meeting of 2023

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