- The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the benchmark Repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5% in its fifth bi-monthly monetary policy review for the current financial year 2018-19 on December 5, 2018.
- The six-member Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its three-day meeting on December 3.
- The GDP growth projection for FY19 is pegged at 7.4%
- Key Policy Rates & Reserve Ratios
|Reverse Repo Rate||6.25%|
|Marginal Standing Facility Rate||6.75%|