RBI MPC Meeting Live Updates: Repo Rate Hike, Governor Sanjay Malhotra Speech, Key Announcements In Focus

The Reserve Bank of India's Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5.25% in August, in line with the expectations of the vast majority of market observers. 

The Standing Deposit Facility (SDF) rate remains unchanged at 5%, while the Marginal Standing Facility (MSF) rate and the bank rate stands at 5.5%.

29 of 30 economists polled by Bloomberg said that the central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%. Policymakers are also likely to retain a neutral stance as inflation remains well within the RBI's 2%-6% tolerance band.

Hello readers! RBI's MPC will grace us with its repo rate decision today, with majority of the experts expecting a rate hike to tackle the inflationary conditions in the country. 

Tensions are high, so are the stakes. I am Khushi, and I will take you through all the live updates of the MPC meeting today, so grab some tea and stay tuned!