RBI Monetary Policy Committee Meeting: Schedule and Live Stream Details
Reserve Bank of India to Announce June Monetary Policy Decision on June 5
The Reserve Bank of India (RBI) will announce its June monetary policy decision on Friday, June 5, amidst concerns over rising crude oil prices and a weakening rupee due to the Middle East crisis. Investors are keenly tracking signals on interest rates, inflation, and economic growth.
The six-member Monetary Policy Committee (MPC), led by RBI Governor Sanjay Malhotra, commenced its three-day deliberations on June 3 and is scheduled to reveal its policy outcome at 10 a.m. on June 5. During its previous policy meeting in April, the MPC unanimously opted to keep the repo rate unchanged at 5.25%, while maintaining a neutral policy stance. The Standing Deposit Facility (SDF) rate remained at 5%, and the Marginal Standing Facility (MSF) rate was retained at 5.5%.
The RBI projected India's GDP growth at 6.9% for FY27 and estimated FY26 growth at 7.6%. It also revised its retail inflation forecast for FY27 upward to 4.6%, compared with its earlier estimate of 4.2%. The impact of the West Asia crisis on the Indian economy remains uncertain, with the US-Iran tensions now entering its fourth month.
| Date | Event |
|---|---|
| June 3-5 | RBI MPC meeting |
| June 5, 10:00 a.m. | RBI policy announcement |
| June 5, 12:00 p.m. | RBI Governor's press conference |
The RBI's June policy meeting comes amid rising geopolitical tensions in West Asia, which have driven global crude oil prices and added pressure on the Indian rupee. Market experts believe that the central bank is likely to keep the repo rates unchanged in the upcoming MPC policy announcement.
| Market Expert | Expectation |
|---|---|
| Gaurav Garg (Lemonn Markets Desk) | Maintain status quo on repo rate |
| Sugandha Sachdeva (SS WealthStreet) | Hawkish stance, unchanged repo rate |
The Reserve Bank of India's decision on June 5 will be broadcast live on the RBI's official YouTube channel from 10:00 a.m. Viewers can also track live updates of the RBI announcement on Mint.
Read also: Consumers Reevaluate Spending Amid Rising Inflation and Labor Market Concerns
Investor Takeaway
Investors should closely monitor the RBI's monetary policy decision for signals on interest rates and inflation.
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