A six-member statutory committee under Section 45ZB of the RBI Act, 1934 responsible for fixing the benchmark policy interest rate (repo rate) to achieve 4% inflation target (±2%). Meets bi-monthly. Three members from RBI, three external.
Last updated: 17 May 2026
A six-member statutory committee under Section 45ZB of the RBI Act, 1934 responsible for fixing the benchmark policy interest rate (repo rate) to achieve 4% inflation target (±2%). Meets bi-monthly. Three members from RBI, three external.
Monetary Policy Committee is significant under RBI because A six-member statutory committee under Section 45ZB of the RBI Act, 1934 responsible for fixing the benchmark policy interest rate (repo rate) to achieve 4% inflation target (±2%). Meets bi-monthly. Three members from RBI, three external.
Monetary Policy Committee under RBI applies to companies, professionals, and individuals involved in RBI-related compliance and regulatory matters in India. Specifically: A six-member statutory committee under Section 45ZB of the RBI Act, 1934 responsible for fixing the benchmark policy interest rate (repo rate) to achi...