RBI MPC Dec Meet: Panel Continues To Keep Key Rates Unchanged, Repo Rate At 6.5 Per Cent

RBI MPC Dec Meet: The Reserve Bank of India (RBI) on Friday maintained the status quo on benchmark interest rates. The central bank’s Monetary Policy Committee (MPC) announced key repo rates at 6.5 per cent, keeping it unchanged yet again.

The committee undertook this measure with a 5:1 majority, making this the 11th consecutive time the regulator chose to maintain the status quo on interest rates. Notably, the last time the MPC changed the key rates was in February 2023.

#WATCH | Mumbai | RBI Governor Shaktikanta Das says, “The Standing Deposit Facility (SDF) rate remains at 6.25% and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.75%…”

(Source: RBI) pic.twitter.com/hg2GS9dQh5

— ANI (@ANI) December 6, 2024

MSF and SDF Rates

Sharing details of the meeting, Governor Shaktikanta Das said that the RBI continued to keep a ‘neutral’ stance on monetary policy. 

The committee decided to maintain the status quo on other key rates as well. The committee decided to maintain the Marginal Standing Facility at 6.75 per cent and the Standard Deposit Facility at 6.25 per cent.