When is rbi next meeting

The last meeting was held from August 4, , to August 6, The Monetary Policy refers to the policy of the central bank with regards to the use of monetary instruments under its control to achieve the goals specified in the Act. As per the official website of RBI, rbi.

Price stability is a necessary precondition to sustainable growth. The MPC will keep a watch on all these factors, with domestic growth and inflation likely to guide its policy stance. If the green shoots of economic recovery sustain, then it is possible to expect some steps in the latter part of the year on liquidity and the reverse repo.

While the RBI may not shock the system with a reverse repo hike, the policy will be used as a lever to prepare markets for a gradualist approach toward normalization through both communication and action. Liquidity deluge dilemmas will continue.

It has now finally moved a step ahead — reducing further active liquidity infusion by sterilization of its recent GSAP instalments with a simultaneous sale of bonds OTs ; possible higher intervention via the FX forwards route; and partly rolling over its maturing FX forwards book. While the spectre of high crude oil prices will continue to hold up the inflation risks, the latest inflation data will provide some relief to the MPC.

Globally, the combination of elevated commodity prices, Covid related disruptions, vaccination progress, and policy support led economic revival have resulted in an acceleration in inflation in most of the developed and developing markets.

This has started to lead to expectations of a readjustment in monetary policy. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

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Switch to Hindi Edition. Companies, Stock Quotes. Next Stories. Nine out of 10 respondents expect RBI to maintain its accommodative stance and keep policy rates unchanged. MUMBAI : The Reserve Bank of India RBI is likely to signal a gradual unwinding of emergency liquidity measures introduced after the covid outbreak but keep key interest rates unchanged in its bi-monthly monetary policy review this week, a Mint survey of economists showed.

While the central bank is expected to retain its accommodative stance, it may hint at the coming policy normalization. Only one economist expects a 15 basis points hike in the reverse repo rate, the rate at which the central bank absorbs excess liquidity. Under a variable rate reverse repo auction, RBI absorbs liquidity at variable rate as opposed to a fixed rate under the usual reverse repo.

The recent cut-off at the latest seven-day VRRR auction at 3.