The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today.

Like several other central banks, the main focus of the RBI during the three-day-long meet will again remain on containing high inflation. The MPC is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target while keeping in mind the objective of economic growth.

Gold Rate

thursday 06 March 2025

Gold 24 KT 86,600 /-

Gold 22 KT 80,500 /-

Silver / Kg 97,500 /-

Platinum 44,000 /-

Recommended rate for Nagpur sarafa Making charges minimum 13% and above

As of now, this committee meets at least six times in a financial year, i.e every two months.

In its previous review meeting in early August, the monetary policy committee had unanimously decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation.

The hike took the repo rate above pre-pandemic levels of 5.15 per cent.

Raising interest typically suppresses demand in the economy, thereby helping inflation to decline.

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