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Full text of RBI Monetary policy: Repo rate hiked by 25 bps after 4 years

The six-member Monetary Policy Committee (MPC) kept its stance neutral, despite a repo rate increase

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Rbi Monetary Policy  |  Rbi Repo Rate  |  Urjit Patel

BS Web Team 



(From left) RBI Governor Urjit Patel, Executive Director M D Patra, Deputy Governors N S Vishwanathan, B P Kanungo and  Viral Acharya during a press conference in Mumbai on Thursday. File photo: Kamlesh Pednekar
(From left) RBI Governor Urjit Patel, Executive Director M D Patra, Deputy Governors N S Vishwanathan, B P Kanungo and Viral Acharya during a press conference in Mumbai on Thursday. File photo: Kamlesh Pednekar

The (RBI) on Wednesday announced a 25-basis-point hike in the repo rate to 6.25 per cent, in line with market expectations. The six-member Committee (MPC) kept its stance neutral, despite a repo rate increase. All of the six members of the MPC, including Governor and MPC Chairman voted in favour of a rate hike.

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First Published: Wed, June 06 2018. 15:19 IST


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