New Delhi: The Reserve Bank of India (RBI) Monetary Policy Committee-led by Governor Sanjay Malhotra is all set to hold key deliberations from February 4. The RBI will announce the outcomes of the MPC meeting on February 7.
Expectations are high about RBI Governor Malhotra announcing a cut in the repo rate while announcing the outcome of the Monetary Policy Committee. Experts are hoping that the RBI MPC meeting could finalise a 25 BPS rate cut, which means that the benchmark lending rate will likely be slashed to 6.25 per cent from the existing rate of 6.5 per cent.
The February MPC meeting will be Malhotra’s first since took over RBI Governor’s post in December 2024 Shaktikanta Das’s tenure ended on December 10, 2024.
The RBI MPC will take place between February 4 and February 7. RBI Governor Malhotra will officially announce the decisions taken in the MPC meeting on February 7 at 10 am. He will also address media at 12.
RBI MPC announcement will be available on several online platforms. News9live will do a detailed coverage and and publish multiple copies depending on the important announcements. The RBI Governor’s speech will be made available on social media handles of RBI such as X and YouTube.
RBI announces measures to manage liquidity conditions
Recently, the Reserve Bank announced it will purchase government securities worth Rs 60,000 crore in three tranches to inject liquidity into the banking system. The central banking authority announced several other steps to pump in liquidity.
The Reserve Bank decided to conduct the following operations to inject liquidity into the banking system:
“OMO purchase auctions of Government of India securities for an aggregate amount of ₹60,000 crore in three tranches of Rs 20,000 crore each to be held on January 30, 2025, February 13, 2025, and February 20, 2025
56-day Variable Rate Repo (VRR) auction for a notified amount of ₹50,000 crore to be held on February 7, 2025
USD/INR Buy/Sell Swap auction of USD 5 billion for a tenor of six months to be held on January 31, 2025”, the RBI release mentioned.
The Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, will meet February 4-7, announcing its decision on February 7th. Expectations are high for a 25 basis point repo rate cut, lowering the benchmark lending rate to 6.25%. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
