RBI to announce its 3rd bi-monthly policy statement for FY20 on 7th Aug

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Mumbai: The Reserve Bank of India (RBI) will release its 3rd Bi-Monthly policy statement for 2019-20 on 7th of August at 11.45 am. For this the monetary policy committee (MPC) of RBI will meet during 5th to 7th August.

“The Monetary Policy Committee (MPC) will meet during August 5 to 7, 2019 for the Third Bi-monthly Monetary Policy Statement for 2019-20. The resolution of the MPC will be placed on the website at 11.45 AM on August 7, 2019” RBI said in a statement.

In its last Monetary Policy Statement announced in June 7th, RBI has reduced repo rate by 25 basis points to 5.75%.

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