The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) held a three-day meeting after the interim budget for the first policy decision of the calendar year 2024 and the last one of the financial year 2024. It is widely anticipated that the committee will maintain the repo rate at the current level of 6.5 percent. The decision will aim to support the objective of achieving a consumer price-based inflation (CPI) target of 4 percent.