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Updates of RBI’s Sixth Bi-monthly Monetary Policy Committee

RBI Updates

Monetary Policy Committee (MPC) decides to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5% to 6.25% with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5%.

Further, MPC also decides to change the monetary policy stance from calibrated tightening to neutral.

The above decision are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2 per cent, while supporting growth.

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