Monetary Policy

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty fifth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from October 7 to 9, 2020. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof. Jayanth

The Reserve Bank has today released data on Reserve Money for the week ended October 16, 2020. Ajit Prasad Director Press Release: 2020-2021/519

The Reserve Bank has today released data on Money Supply for the fortnight ended October 09, 2020. Ajit Prasad Director Press Release: 2020-2021/518

The Reserve Bank has today released data on Reserve Money for the week ended October 09, 2020. Ajit Prasad Director Press Release: 2020-2021/481

Even as the threat of COVID-19 is yet to abate, with the gradual lifting of restrictions on movement of people and opening of business establishments across the country, a resumption of economic activities is well underway. The role of the financial sector during this phase of recovery will continue to remain important in facilitating businesses to reach the pre-COVID levels of economic activity. The focus of the Reserve Bank’s regulatory actions over the past few mon

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 9, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue wit

The newly appointed Monetary Policy Committee (MPC) with Dr. Ashima Goyal, Professor Jayanth R. Varma and Dr. Shashanka Bhide as external members met on 7th, 8th and 9th October, 2020 in its first meeting and the 25th under the monetary policy framework that was instituted in June 2016. I welcome the new members and thank them for their valuable contributions to the setting and conduct of monetary policy in India. I take this opportunity to thank our teams in the Rese

The Reserve Bank has today released data on Reserve Money for the week ended October 02, 2020. Ajit Prasad Director Press Release: 2020-2021/445

The Reserve Bank has today released data on Money Supply for the fortnight ended September 25, 2020. Ajit Prasad Director Press Release: 2020-2021/446

In continuation of the Press Release 2020-2021/400 dated September 28, 2020, the next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020. (Yogesh Dayal) Chief General Manager Press Release: 2020-2021/437