RBI’s 4th Monetary Policy Committee (MPC) in 2024-25 UPSC

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is currently convening for its October meeting, which commenced on October 7 and will conclude with a policy announcement on October 9. This meeting is particularly significant as it marks the fourth MPC gathering of the financial year 2024-25. The committee’s deliberations are crucial for shaping India’s monetary policy in response to evolving economic conditions.