RBI's Monetary Policy Committee second meeting of FY25 from June 5-7

The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6.5 percent during its meeting from June 5 to 7, 2024. Market analysts anticipate the MPC to uphold its 'withdrawal of accommodation' stance, signaling a cautious approach to monetary easing. \r

While GDP growth projection for FY25 might see revisions, the inflation forecast is likely to remain unchanged. Chaired by RBI Governor Shaktikanta Das, the committee includes members such as Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Rajiv Ranjan, and Michael Debabrata Patra. \r

In the previous meeting, the repo rate was retained for the seventh consecutive time, with Governor Das emphasizing the importance of controlling inflation amid robust growth prospects.