Financial Coverage Committee: RBI releases FY25 schedule for Financial Coverage Committee conferences

Wednesday’s dates are for the subsequent monetary 12 months, with conferences scheduled all the best way until February, subsequent 12 months. The second assembly will probably be held from June 5-7 whereas the subsequent assembly is scheduled between August 6-8.

The assembly schedule for the second half of the subsequent monetary 12 months is as follows – October 7-9, December 4-6 and February 5-7, based on the RBI’s announcement.

The RBI’s MPC is answerable for fixing the benchmark rate of interest, with conferences held a minimum of 4 occasions a 12 months, as soon as every quarter. After elevating rates of interest by a cumulative 250 foundation factors between Could 2022 to February 2023, the MPC has maintained a established order on financial coverage.