- Announcing the third bi-monthly monetary policy of the financial year 2024-25 on 8 August 2024 in Mumbai, Reserve Bank of India (RBI) Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) has voted by a 4:2 majority to keep the policy repo rate unchanged at 6.5% for the ninth consecutive times.
- The RBI’s Monetary Policy Committee met on August 6, 7, and 8, 2024. The next meeting will be held on October 7 to 9, 2024.
- According to the RBI Act 1934, the Monetary Policy Committee has to meet at least four times in a financial year.
There have been no changes in the Policy rates and Ratios. They are as follows:
| Policy Repo Rate | 6.5% |
| Fixed Reverse Repo Rate | 3.35% |
| Bank Rate | 6.5% |
| Standing Deposit Facility(SDF) | 6.25% |
| Marginal Standing Facility(MSF) | 6.75% |
| Cash Reserve Ratio(CRR) | 4.50% |
| Statutory Liquidity Ratio(SLR) | 18% |