RBI Monetary Policy: The decisions of RBI’s three-day Monetary Policy Committee (MPC) will be announced today. Reserve Bank of India Governor Shaktikanta Das will announce the results of the Monetary Policy Committee today and the question of whether the repo rate has been increased or not will be answered. Most of the experts are speculating about the repo rate that it may increase by 0.35 percent and the burden of their loan EMI for the general public may increase further.
When and where to watch the live telecast of RBI monetary policy
If you want to watch the live broadcast of Reserve Bank’s monetary policy, then you have a chance to watch it through YouTube. Regarding this, RBI has also tweeted that you can watch the statement of RBI’s monetary policy on 7th December at 10 am by visiting YouTube link https://youtu.be/vY0sN5VxfBY.
Apart from this, after the policy, you can also watch the press conference of the RBI governor, which will be broadcast live on YouTube at 12 noon. For this you have to click on the link given here https://youtu.be/mwI-Yjw0m_M.
By increasing the rates of RBI, how much will the burden on your pocket increase?
If the RBI decides to increase the interest rates today and increases the repo rate by 0.35 percent or 35 basis points, then a good increase in the EMI of your loan can also be seen. The repo rate is currently at 5.90 per cent and if it increases by 0.35 per cent, it will increase to 6.25 per cent.
RBI will issue estimates of inflation rate and GDP figures
In this monetary policy, the Governor of the Reserve Bank will also issue an estimate of the inflation rate figures for the current financial year and the coming time. Financial experts and the general public will keep an eye on this too.