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What is Overview of the Monetary Policy Committee about?

The Monetary Policy Committee (MPC) is a committee constituted by the Reserve Bank of India to set the benchmark policy interest rate (repo rate) and maintain inflation levels. It was established to increase transparency and accountability in monetary policy decisions. The MPC, led by the RBI Governor, meets at least 4 times a year to determine monetary policy. It aims to stabilize business cycles and provide price stability, economic growth, and exchange rate stability. The MPC consists of 6 members includ

Author

Nalin Prasoon

Language

EN